The prices in real estate in Scottsdale, 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 Scottsdale has increased strongly during the last 6 months. In September, the average price per sq.feet was $1,061. In the following month the price per sq.feet increased considerably to $1,464. The price for the following two months in (November, December) had a considerable increment of 147 %. The price per sq.feet has had a considerable increase of 361 % 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 $1,561.75 to $5,633.5 during January, and February.
Based upon to the price in Scottsdale (cities), this has gone up in the last 6 months. The price in September is $1,434,092, rising in October till $1,509,554. During the following two months (November, December) the price has had an average incrementation from $1,471,823 to $1,607,318. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $1,656,617 they are 81 % more affordable than the average price for Scottsdale. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,184,420.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $415 / sq.feet, with an average $6,556 / sq.feet price in Scottsdale. The properties with the highest average prices have 4 bedrooms. They are 78 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,696 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,656,617 it is 65 % cheaper than the average price in Scottsdale. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $2,293,838 it is 83 % 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 $425 / sq.feet followed by "Apartment" priced at $450 / sq.feet. "Land" is the cheapest type of property with a $4,370 / sq.feet value followed by "Detached House" with an average price of $730 / sq.feet.