The prices in real estate in Paradise Valley, 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 Paradise Valley has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $13,519. In the following month the price per sq.feet increased to $14,678. The price for the following two months in (June, July) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $12,510 to $8,104 during August, and September.
Based upon to the price in Paradise Valley (cities), these have remained the same in the last 6 months. The average price for April is $2,786,074. During May the price had a slight fall till $2,520,058. In the following two months the average price has remained the same with regard to the previous two months from $2,653,066 to $2,693,826. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $2,673,446 and $2,689,193.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,542,714 they are 76 % more affordable than the average price for Paradise Valley. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,604,507.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $437 / sq.feet, with an average $496 / sq.feet price in Paradise Valley. The properties with the highest average prices have 4 bedrooms. They are 663 % more expensive than the average followed by properties with 1 bedroom with a price at $509 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,542,714 it is 78 % cheaper than the average price in Paradise Valley. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,874,429 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $341 / sq.feet followed by "Condo" priced at $455 / sq.feet. "Land" is the most costly type of property with a $10,819 / sq.feet cost followed by "House" with an average price of $1,381 / sq.feet.