The prices in real estate in Tempe, 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 Tempe has increased strongly during the last 6 months. In November, the average price per sq.feet was $191. In December this price pretty much remained the same at a value of $199 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 156 %. The price per sq.feet has had a considerable deflation of 82 % 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 $250 to $205.5 during March, and April.
Based upon to the price in Tempe (cities), these have remained the same in the last 6 months. The average price for November is $315,279. During December the price had a slight fall till $298,316. In the following two months the average price has remained the same with regard to the previous two months from $306,797.5 to $306,204. 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 $306,500.75 and $316,588.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $318,631 they are 28 % more affordable than the average price for Tempe. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 1 bedroom priced at $318,683.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $179 / sq.feet, with an average $196 / sq.feet price in Tempe. The properties with the highest average prices have 1 bedroom. They are 356 % more expensive than the average followed by properties with 2 bedrooms with a price at $239 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $318,631 it is 8 % cheaper than the average price in Tempe. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Office". At a price of $418,479 it is 31 % 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 $190 / sq.feet followed by "House" priced at $196 / sq.feet. "Condo" is the most costly type of property with a $2,093 / sq.feet cost followed by "Duplex" with an average price of $210 / sq.feet.