The prices in real estate in Elgin, 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 Elgin has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $449. In the following month the price per sq.feet increased considerably to $587. The price for the following two months in (June, July) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $365.5 to $223.5 during August, and September.
Based upon to the price in Elgin (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during April, is $1,392,355. During May the price went through a considerable rise reaching $2,357,125. During the following two months (June, July) the average price had a considerable reduction of 33 % 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 $1,247,036.5 to $617,968.5, which means a 50 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $650,875 they are 15 % more affordable than the average price for Elgin. The properties with the highest average price have 1 bedroom, Their price is 40 % more costly than the average. After that we have properties with 2 bedrooms priced at $556,014.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $234 / sq.feet price in Elgin. The properties with the highest average prices have 1 bedroom. They are 101 % more expensive than the average followed by properties with 2 bedrooms with a price at $128 / sq.feet.
With regard to the average price based upon the property in Elgin we can see that the cheapest property type is "House" at a price of $556,014, they are 15 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 15 % more affordable 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 $128 / sq.feet. "House" with an average cost of $128 / sq.feet has the lowest price and would be directed at less affluent cities.