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 December, the average price per sq.feet was $321. In the following month the price per sq.feet increased considerably to $2,221. The price for the following two months in (February, March) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable increase of 386 % 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 $904.25 to $3,491 during April, and May.
Based upon to the price in Scottsdale (cities), this has gone up considerably in the last 6 months. The price in December is $1,018,974, rising in January till $1,123,346. In the following two months the average price has remained the same with regard to the previous two months from $1,071,160 to $1,061,652. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,369,544 they are 57 % more affordable than the average price for Scottsdale. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at $1,476,860.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $439 / sq.feet, with an average $5,010 / sq.feet price in Scottsdale. The properties with the highest average prices have 4 bedrooms. They are 214 % more expensive than the average followed by properties with 3 bedrooms with a price at $3,846 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,369,544 it is 50 % cheaper than the average price in Scottsdale. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $974,337 it is 16 % 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 $320 / sq.feet followed by "Duplex" priced at $324 / sq.feet. "House" is the most costly type of property with a $7,834 / sq.feet cost followed by "Apartment" with an average price of $638 / sq.feet.