The prices in real estate in Sierra Vista, 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 Sierra Vista has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,395. In the following month the price per sq.feet increased considerably to $2,623. The price for the following two months in (June, July) had a considerable decrease of 28 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $1,282.75 to $124.5 during August, and September.
Based upon to the price in Sierra Vista (cities), this has gone up considerably in the last 6 months. The price in April is $183,894, rising in May till $209,380. During the following two months (June, July) the average price had a considerable increase of 138 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $234,353.25 and $228,113 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $227,337 they are 70 % more affordable than the average price for Sierra Vista. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 1 bedroom priced at $67,560.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $46 / sq.feet, with an average $125 / sq.feet price in Sierra Vista. The properties with the lowest average prices have 4 bedrooms. They are 6 % cheaper than the average followed by properties with 1 bedroom with a price at $46 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $227,337 it is 71 % cheaper than the average price in Sierra Vista. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $126,679 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $30 / sq.feet followed by "Apartment" priced at $118 / sq.feet. "Duplex" is the most costly type of property with a $39,426 / sq.feet cost followed by "Apartment" with an average price of $118 / sq.feet.