Property prices for sale in New River (Arizona)
The prices in real estate in New River, 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 New River has increased strongly during the last 6 months. In October, the average price per sq.feet was $7,719. In the following month the price per sq.feet decreased to $6,646. The price for the following two months in (December, January) had a considerable increment of 128 %. The price per sq.feet has had a considerable increase of 198 % 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 $8,182.5 to $16,210 during February, and March.
Based upon to the price in New River (cities), this has gone up considerably in the last 6 months. The price in October is $594,633, rising in November till $670,340. During the following two months (December, January) the average price had a considerable increase of 130 % 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 $727,111.25 to $579,059, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $512,414 they are 47 % more affordable than the average price for New River. The properties with the highest average price have 1 bedroom, Their price is 1414 % more costly than the average. After that we have properties with 4 bedrooms priced at $429,473.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $103 / sq.feet, with an average $26,598 / sq.feet price in New River. The properties with the lowest average prices have 1 bedroom. They are 81 % cheaper than the average followed by properties with 2 bedrooms with a price at $127 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $512,414 it is 38 % cheaper than the average price in New River. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $317,734 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $176 / sq.feet followed by "House" priced at $929 / sq.feet. "House" is the cheapest type of property with a $929 / sq.feet value followed by "Apartment" with an average price of $176 / sq.feet.
