The prices in real estate in Somerton, 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 Somerton has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,498. In the following month the price per sq.feet decreased considerably to $60. The price for the following two months in (September, October) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 31 % 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 $455.5 to $139 during November, and December.
Based upon to the price in Somerton (cities), this has fallen considerably in the last 6 months. The average price for July is $1,747,292. During August the price had a considerable reduction till $46,667. During the following two months (September, October) the average price had a considerable reduction of 25 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $559,501 to $232,902.5, which means a 42 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 4 % cheaper than the average price of $228,596 in Somerton. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 15 % cheaper than the average price of ($115 / sq.feet) in Somerton. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 15 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Somerton we can see that the cheapest property type is "House" at a price of $228,596, they are 4 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 4 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $115 / sq.feet. "House" with an average cost of $115 / sq.feet has the lowest price and would be directed at less affluent cities.