The prices in real estate in Sedona, 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 Sedona has increased strongly during the last 6 months. In February, the average price per sq.feet was $531. In the following month the price per sq.feet increased considerably to $797. The price for the following two months in (April, May) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable increase of 136 % 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 $581.5 to $791.5 during June, and July.
Based upon to the price in Sedona (cities), these have remained the same in the last 6 months. The price in February is $718,536, rising in March till $760,181. In the following two months the average price has remained the same with regard to the previous two months from $739,358.5 to $750,114.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $744,736.5 to $680,685.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $592,137 they are 65 % more affordable than the average price for Sedona. The properties with the highest average price have 4 bedrooms, Their price is 81 % more costly than the average. After that we have properties with 3 bedrooms priced at $697,721.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $695 / sq.feet, with an average $1,135 / sq.feet price in Sedona. The properties with the highest average prices have 2 bedrooms. They are 54 % more expensive than the average followed by properties with 1 bedroom with a price at $1,519 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $592,137 it is 56 % cheaper than the average price in Sedona. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $908,939 it is 212 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $562 / sq.feet followed by "House" priced at $897 / sq.feet. "Commercial" is the most costly type of property with a $6,590 / sq.feet cost followed by "Condo" with an average price of $2,501 / sq.feet.