The prices in real estate in Paradise Valley, 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 Paradise Valley has increased strongly during the last 6 months. In February, the average price per sq.feet was $696. In the following month the price per sq.feet increased considerably to $857. In the following two months the price per sq.feet has increased 114 %, going from $776.5 to $886.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $831.5 to $855 during June y July
Based upon to the price in Paradise Valley (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $4,286,383. During March the price went through a considerable rise reaching $5,364,936. During the following two months (April, May) the average price had a considerable increase of 121 % with regard to the previous two months. 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 $5,320,996 and $5,230,354 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $5,154,905 they are 93 % more affordable than the average price for Paradise Valley. The properties with the lowest average price have 4 bedrooms, Their price is 36 % cheaper than the average. After that we have properties with 3 bedrooms priced at $2,441,477.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $521 / sq.feet, with an average $854 / sq.feet price in Paradise Valley. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 4 bedrooms with a price at $743 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $5,154,905 it is 74 % cheaper than the average price in Paradise Valley. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $4,865,495 it is 198 % 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 $559 / sq.feet followed by "Apartment" priced at $711 / sq.feet. "Land" is the most costly type of property with a $1,116,486 / sq.feet cost followed by "House" with an average price of $847 / sq.feet.