The prices in real estate in Cottonwood, in the Arizona region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Cottonwood has fallen in the last 6 months. In April, the average price per sq.feet was $211. In May this price pretty much remained the same at a value of $215 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $213 to $228.5 per sq.feet. The price per sq.feet has had a considerable deflation of 56 % 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 $220.75 to $123.5 during August, and September.
Based upon to the price in Cottonwood (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $371,907. In May This price remains at $362,261. During the following two months (June, July) the price has had an average incrementation from $367,084 to $397,849. During the last two months the average price has had a strong fall compared to the previous four going from $382,466.5 to $206,758, which means a 54 % fall.