The prices in real estate in Tonopah, 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 Tonopah has increased strongly during the last 6 months. In June, the average price per sq.feet was $232. In the following month the price per sq.feet increased considerably to $582. The price for the following two months in (August, September) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 167 % 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 $442.25 to $739 during October, and November.
Based upon to the price in Tonopah (cities), this has fallen considerably in the last 6 months. The average price for June is $412,742. During July the price had a considerable reduction till $178,226. During the following two months (August, September) the average price had a considerable reduction of 64 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $242,129.25 to $206,241 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $202,485 they are 28 % more expensive than the average price for Tonopah. Following this ranking we find those properties with 2 at an average price of $278,447. The properties with the highest average price have 4 bedrooms, Their price is 111 % more costly than the average. After that we have properties with 3 bedrooms priced at $362,391.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $178 / sq.feet, with an average $716 / sq.feet price in Tonopah. The properties with the lowest average prices have 3 bedrooms. They are 70 % cheaper than the average followed by properties with 2 bedrooms with a price at $194 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $202,485 it is 8 % cheaper than the average price in Tonopah. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $186,996 it is 62 % 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 $172 / sq.feet followed by "Farm" priced at $964 / sq.feet. "Farm" is the most costly type of property with a $964 / sq.feet cost followed by "House" with an average price of $172 / sq.feet.