The prices in real estate in Glendale, 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 Glendale has increased strongly during the last 6 months. In November, the average price per sq.feet was $116. In the following month the price per sq.feet increased considerably to $157. The price for the following two months in (January, February) had a considerable increment of 282 %. The price per sq.feet has had a considerable deflation of 58 % 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 $260.75 to $152.5 during March, and April.
Based upon to the price in Glendale (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $193,450. During December the price went through a considerable rise reaching $305,822. During the following two months (January, February) the price has had an average incrementation from $249,636 to $279,492. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $309,219 they are 44 % more affordable than the average price for Glendale. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 1 bedroom priced at $312,217.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $152 / sq.feet price in Glendale. The properties with the highest average prices have 1 bedroom. They are 136 % more expensive than the average followed by properties with 2 bedrooms with a price at $158 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $309,219 it is 63 % cheaper than the average price in Glendale. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $308,333 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $111 / sq.feet followed by "Townhouse" priced at $112 / sq.feet. "Condo" is the most costly type of property with a $1,033 / sq.feet cost followed by "Commercial" with an average price of $415 / sq.feet.