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 November, the average price per sq.feet was $464. In the following month the price per sq.feet increased considerably to $605. The price for the following two months in (January, February) had a considerable increment of 354 %. The price per sq.feet has had a considerable deflation of 57 % 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 $1,214 to $695.5 during March, and April.
Based upon to the price in Paradise Valley (cities), these have remained the same in the last 6 months. The price in November is $2,704,128, rising in December till $3,008,980. In the following two months the average price has remained the same with regard to the previous two months from $2,856,554 to $2,793,408. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $2,824,981 to $2,656,633.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,544,955 they are 68 % more affordable than the average price for Paradise Valley. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 1 bedroom priced at $2,222,139.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $453 / sq.feet, with an average $519 / sq.feet price in Paradise Valley. The properties with the highest average prices have 1 bedroom. They are 654 % more expensive than the average followed by properties with 2 bedrooms with a price at $721 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,544,955 it is 78 % cheaper than the average price in Paradise Valley. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $2,570,212 it is 14 % 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 $466 / sq.feet followed by "House" priced at $1,006 / sq.feet. "Condo" is the most costly type of property with a $4,225 / sq.feet cost followed by "House" with an average price of $1,006 / sq.feet.