The prices in real estate in Sedona, 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 Sedona has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $1,190. In the following month the price per sq.feet decreased considerably to $670. The price for the following two months in (March, April) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $654.5 to $426 during May, and June.
Based upon to the price in Sedona (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $737,886. In February This price remains at $744,492. During the following two months (March, April) the average price had a considerable increase of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % 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 $1,178,890 they are 85 % more affordable than the average price for Sedona. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $897,367.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $228 / sq.feet, with an average $517 / sq.feet price in Sedona. The properties with the highest average prices have 4 bedrooms. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $327 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,178,890 it is 67 % cheaper than the average price in Sedona. "Detached House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $1,057,321 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $211 / sq.feet followed by "House" priced at $346 / sq.feet. "Commercial" is the most costly type of property with a $21,203 / sq.feet cost followed by "Detached House" with an average price of $551 / sq.feet.