Property prices for sale in Rio Rico (Arizona)
The prices in real estate in Rio Rico, 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 Rio Rico has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,224. In the following month the price per sq.feet decreased considerably to $175. In the following two months the price per sq.feet has barely changed, going from $1,199.5 to $1,243.5 per sq.feet. The price per sq.feet has had a considerable increase of 188 % 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 $1,221.5 to $2,295.5 during February, and March.
Based upon to the price in Rio Rico (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $218,353. During November the price went through a considerable rise reaching $296,071. In the following two months the average price has remained the same with regard to the previous two months from $257,212 to $256,876.5. 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 $257,044.25 and $247,848.5 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 18 % cheaper than the average price of $203,604 in Rio Rico. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 18 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 98 % cheaper than the average price of ($49 / sq.feet) in Rio Rico. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 98 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $248,636 it is 56 % cheaper than the average price in Rio Rico. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $150,187 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $26 / sq.feet followed by "House" priced at $49 / sq.feet. "House" is the cheapest type of property with a $49 / sq.feet value followed by "Apartment" with an average price of $26 / sq.feet.
