The prices in real estate in Dewey, 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 Dewey has increased strongly during the last 6 months. In March, the average price per sq.feet was $256. In April this price pretty much remained the same at a value of $258 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 1790 %. The price per sq.feet has had a considerable increase of 294 % 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 $2,428.5 to $7,131.5 during July, and August.
Based upon to the price in Dewey (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $507,233. In April This price remains at $504,533. During the following two months (May, June) the average price had a considerable increase of 123 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $563,315.75 to $488,186 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $470,885 they are 18 % more affordable than the average price for Dewey. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $493,660.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $241 / sq.feet, with an average $261 / sq.feet price in Dewey. The properties with the highest average prices have 1 bedroom. They are 65 % more expensive than the average followed by properties with 3 bedrooms with a price at $266 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $470,885 it is 48 % cheaper than the average price in Dewey. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $392,553 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $72 / sq.feet followed by "Commercial" priced at $81 / sq.feet. "House" is the cheapest type of property with a $249 / sq.feet value followed by "Townhouse" with an average price of $162 / sq.feet.