The prices in real estate in Prescott Valley, in the Arizona region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Prescott Valley has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $1,558. In June this price pretty much remained the same at a value of $1,587 per sq.feet. The price for the following two months in (July, August) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 17 % 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 $1,148.75 to $193 during September, and October.
Based upon to the price in Prescott Valley (cities), this has gone up in the last 6 months. The price in May is $308,065, rising in June till $326,237. In the following two months the average price has remained the same with regard to the previous two months from $317,151 to $310,269. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $406,465 they are 59 % more affordable than the average price for Prescott Valley. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $374,009.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $206 / sq.feet, with an average $208 / sq.feet price in Prescott Valley. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $209 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $406,465 it is 82 % cheaper than the average price in Prescott Valley. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $334,806 it is 2 % 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 $170 / sq.feet followed by "Condo" priced at $182 / sq.feet. "Land" is the most costly type of property with a $751 / sq.feet cost followed by "Commercial" with an average price of $237 / sq.feet.