The prices in real estate in Elgin, 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 Elgin has increased strongly during the last 6 months. In October, the average price per sq.feet was $271. In the following month the price per sq.feet increased considerably to $369. The price for the following two months in (December, January) had a considerable increment of 537 %. The price per sq.feet has had a considerable increase of 368 % 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 $1,018.5 to $3,744 during February, and March.
Based upon to the price in Elgin (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $682,250. During November the price went through a considerable rise reaching $1,026,800. During the following two months (December, January) the price has had an average incrementation from $854,525 to $954,389.5. During the last two months the average price has had a strong fall compared to the previous four going from $904,457.25 to $713,296, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $432,117 they are 28 % more expensive than the average price for Elgin. Following this ranking we find those properties with 1 at an average price of $906,562. The properties with the highest average price have 1 bedroom, Their price is 110 % more costly than the average. After that we have properties with 2 bedrooms priced at $552,683.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $122 / sq.feet, with an average $7,200 / sq.feet price in Elgin. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 2 bedrooms with a price at $122 / sq.feet.
With regard to the average price based upon the property in Elgin we can see that most expensive property type is "House" at a price of $552,683, they are 28 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 28 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $122 / sq.feet. "House" with an average cost of $122 / sq.feet has the lowest price and would be directed at less affluent cities.