The prices in real estate in Prescott, 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 Prescott has increased strongly during the last 6 months. In December, the average price per sq.feet was $208. In the following month the price per sq.feet increased considerably to $988. The price for the following two months in (February, March) had a considerable increment of 193 %. The price per sq.feet has had a considerable increase of 176 % 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 $876 to $1,545 during April, and May.
Based upon to the price in Prescott (cities), this has fallen considerably in the last 6 months. The average price for December is $597,382. During January the price had a considerable reduction till $342,901. During the following two months (February, March) the average price had a considerable reduction of 69 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $397,361.75 to $361,774.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $383,839 they are 22 % more affordable than the average price for Prescott. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 1 bedroom priced at $573,496.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $1,064 / sq.feet, with an average $1,529 / sq.feet price in Prescott. The properties with the highest average prices have 4 bedrooms. They are 332 % more expensive than the average followed by properties with 3 bedrooms with a price at $3,223 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $383,839 it is 33 % more expensive than the average price in Prescott. "House" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Condo". At a price of $641,226 it is 124 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $198 / sq.feet followed by "Office" priced at $339 / sq.feet. "Commercial" is the most costly type of property with a $5,836 / sq.feet cost followed by "House" with an average price of $3,705 / sq.feet.