The prices in real estate in Prescott, 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 Prescott has increased during the last 6 months. In November, the average price per sq.feet was $235. In December this price pretty much remained the same at a value of $245 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $240 to $243.5 per sq.feet. The price per sq.feet has increased 110 % 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 $241.75 to $266.5 during March, and April.
Based upon to the price in Prescott (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $600,400. In December This price remains at $589,294. In the following two months the average price has remained the same with regard to the previous two months from $594,847 to $603,622. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $599,234.5 to $556,576 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 $592,446 they are 42 % more affordable than the average price for Prescott. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $592,939.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $252 / sq.feet, with an average $274 / sq.feet price in Prescott. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 3 bedrooms with a price at $278 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $592,446 it is 48 % cheaper than the average price in Prescott. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $682,249 it is 216 % 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 $225 / sq.feet followed by "Condo" priced at $242 / sq.feet. "Commercial" is the most costly type of property with a $250,158 / sq.feet cost followed by "House" with an average price of $287 / sq.feet.