The prices in real estate in Fountain Hills, 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 Fountain Hills has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $3,924. In June this price pretty much remained the same at a value of $4,113 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $4,018.5 to $3,863.5 per sq.feet. The price per sq.feet has had a considerable deflation of 9 % 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 $3,941 to $341 during September, and October.
Based upon to the price in Fountain Hills (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $516,499. During June the price went through a considerable rise reaching $756,671. During the following two months (July, August) the average price had a considerable reduction of 72 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $740,317 they are 63 % more affordable than the average price for Fountain Hills. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $612,062.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $232 / sq.feet, with an average $258 / sq.feet price in Fountain Hills. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at $271 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $740,317 it is 77 % cheaper than the average price in Fountain Hills. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $634,544 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $169 / sq.feet followed by "Condo" priced at $226 / sq.feet. "Land" is the most costly type of property with a $555 / sq.feet cost followed by "House" with an average price of $268 / sq.feet.