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 November, the average price per sq.feet was $116. In the following month the price per sq.feet increased considerably to $159. The price for the following two months in (January, February) had a considerable increment of 429 %. The price per sq.feet has had a considerable deflation of 36 % 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 $364 to $129.5 during March, and April.
Based upon to the price in Tonopah (cities), these have remained the same in the last 6 months. The price in November is $200,804, rising in December till $212,540. In the following two months the average price has remained the same with regard to the previous two months from $206,672 to $206,298.5. 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 $206,485.25 and $214,350 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 $217,553 they are 30 % more affordable than the average price for Tonopah. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $203,134.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $119 / sq.feet, with an average $129 / sq.feet price in Tonopah. The properties with the highest average prices have 1 bedroom. They are 584 % more expensive than the average followed by properties with 2 bedrooms with a price at $127 / sq.feet.
With regard to the average price based upon the property in Tonopah we can see that the cheapest property type is "House" at a price of $197,604, they are 9 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 9 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $1,038 / sq.feet. "House" at an average price of $1,038 / sq.feet has the most expensive price and would be directed at more affluent cities.