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 $504. In December this price pretty much remained the same at a value of $499 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 1084 %. The price per sq.feet has had a considerable increase of 348 % 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 $2,967.75 to $10,341.5 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 $2,812,351, rising in December till $2,961,911. During the following two months (January, February) the average price fell 88 % 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 $2,717,269.75 and $2,796,571.5 between 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 $2,786,074 they are 71 % more affordable than the average price for Paradise Valley. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 1 bedroom priced at $2,217,696.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $719 / sq.feet, with an average $13,519 / sq.feet price in Paradise Valley. The properties with the lowest average prices have 4 bedrooms. They are 54 % cheaper than the average followed by properties with 3 bedrooms with a price at $4,352 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,786,074 it is 78 % cheaper than the average price in Paradise Valley. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $1,639,691 it is 8 % 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 $389 / sq.feet followed by "Apartment" priced at $578 / sq.feet. "House" is the most costly type of property with a $17,220 / sq.feet cost followed by "Condo" with an average price of $663 / sq.feet.