The prices in real estate in Tempe, in the Arizona region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Tempe has remained the same in the last 6 months. In October, the average price per sq.feet was $176. In November this price pretty much remained the same at a value of $172 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $174 to $171 per sq.feet. The price per sq.feet has had a considerable increase of 119 % 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 $172.5 to $204.5 during February, and March.
Based upon to the price in Tempe (cities), these have remained the same in the last 6 months. The average price for October is $350,386. During November the price had a considerable reduction till $266,077. In the following two months the average price has remained the same with regard to the previous two months from $308,231.5 to $308,389.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % 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 $404,083 they are 42 % more affordable than the average price for Tempe. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $348,537.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $204 / sq.feet price in Tempe. The properties with the highest average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $217 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $404,083 it is 39 % cheaper than the average price in Tempe. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $333,057 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $164 / sq.feet followed by "Condo" priced at $183 / sq.feet. "Office" is the most costly type of property with a $996 / sq.feet cost followed by "Townhouse" with an average price of $223 / sq.feet.