The prices in real estate in Scottsdale, 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 Scottsdale has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $5,010. In the following month the price per sq.feet decreased considerably to $2,060. The price for the following two months in (July, August) had a considerable increment of 151 %. The price per sq.feet has had a considerable deflation of 8 % 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 $4,435.75 to $348.5 during September, and October.
Based upon to the price in Scottsdale (cities), this has fallen considerably in the last 6 months. The price in May is $1,369,544, rising in June till $1,499,864. During the following two months (July, August) the average price had a considerable reduction of 74 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,250,678.5 to $990,976, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $991,260 they are 74 % more affordable than the average price for Scottsdale. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $679,758.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $292 / sq.feet, with an average $321 / sq.feet price in Scottsdale. The properties with the highest average prices have 4 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $313 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $991,260 it is 61 % cheaper than the average price in Scottsdale. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $690,704 it is 35 % 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 $281 / sq.feet followed by "Condo" priced at $299 / sq.feet. "Land" is the most costly type of property with a $1,803 / sq.feet cost followed by "Apartment" with an average price of $493 / sq.feet.