The prices in real estate in Concho, in the Arizona region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Concho has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $175. In October this price pretty much remained the same at a value of $167 per sq.feet. The price for the following two months in (November, December) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 $158.75 to $109 during January, and February.
Based upon to the price in Concho (cities), this has fallen considerably in the last 6 months. The average price for September is $224,377. During October the price had a slight fall till $208,553. During the following two months (November, December) the average price had a considerable reduction of 84 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $199,412.75 to $134,095, which means a 67 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $139,046 they are 55 % more affordable than the average price for Concho. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 76 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $157 / sq.feet, with an average $122 / sq.feet price in Concho. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 60 % more costly than the average value aforementioned.