The prices in real estate in Tonopah, 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 Tonopah has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $170. In August this price pretty much remained the same at a value of $168 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $144.25 to $132 during November, and December.
Based upon to the price in Tonopah (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $92,725. During August the price went through a considerable rise reaching $135,560. During the following two months (September, October) the average price had a considerable increase of 196 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 149 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $256,034 they are 41 % more affordable than the average price for Tonopah. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $199,100.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $99 / sq.feet, with an average $134 / sq.feet price in Tonopah. The properties with the highest average prices have 1 bedroom. They are 543 % more expensive than the average followed by properties with 2 bedrooms with a price at $107 / 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 $193,678, they are 24 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 24 % 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 $999 / sq.feet. "House" at an average price of $999 / sq.feet has the most expensive price and would be directed at more affluent cities.