The prices in real estate in Cave Creek, in the Arizona region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Cave Creek has increased strongly during the last 6 months. In February, the average price per sq.feet was $816. In the following month the price per sq.feet increased considerably to $1,168. The price for the following two months in (April, May) had a considerable increment of 240 %. The price per sq.feet has had a considerable increase of 135 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,686 to $2,273 during June, and July.
Based upon to the price in Cave Creek (cities), this has gone downing the last 6 months. The average price for February is $723,032. During March the price had a considerable reduction till $604,506. In the following two months the average price has remained the same with regard to the previous two months from $663,769 to $643,000. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $653,384.5 and $664,991 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $612,422 they are 58 % more affordable than the average price for Cave Creek. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $691,511.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $645 / sq.feet, with an average $2,667 / sq.feet price in Cave Creek. The properties with the highest average prices have 4 bedrooms. They are 36 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,861 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $612,422 it is 49 % cheaper than the average price in Cave Creek. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $619,261 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $175 / sq.feet followed by "Condo" priced at $182 / sq.feet. "House" is the most costly type of property with a $3,064 / sq.feet cost followed by "Land" with an average price of $1,207 / sq.feet.