The prices in real estate in Phoenix, in the Arizona region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Phoenix has increased during the last 6 months. In September, the average price per sq.feet was $174. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (November, December) had a considerable increment of 207 %. The price per sq.feet has had a considerable increase of 237 % 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 $133.5 to $316.5 during January, and February.
Based upon to the price in Phoenix (cities), this has fallen considerably in the last 6 months. The average price for September is $328,047. During October the price had a considerable reduction till . During the following two months (November, December) the average price had a considerable increase of 192 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 141 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $373,311 they are 36 % more affordable than the average price for Phoenix. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 1 bedroom priced at $350,621.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $182 / sq.feet, with an average $180 / sq.feet price in Phoenix. The properties with the highest average prices have 1 bedroom. They are 242 % more expensive than the average followed by properties with 2 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $373,311 it is 17 % cheaper than the average price in Phoenix. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $360,785 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $169 / sq.feet followed by "Condo" priced at $198 / sq.feet. "Apartment" is the most costly type of property with a $2,388 / sq.feet cost followed by "Condo" with an average price of $198 / sq.feet.