The prices in real estate in Tucson, 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 Tucson has increased strongly during the last 6 months. In March, the average price per sq.feet was $149. In the following month the price per sq.feet increased to $167. The price for the following two months in (May, June) had a considerable increment of 131 %. 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 $182.5 to $167.5 during July, and August.
Based upon to the price in Tucson (cities), this has gone up considerably in the last 6 months. The average price for March is $339,761. During April the price had a slight fall till $297,943. During the following two months (May, June) the average price had a considerable increase of 162 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $417,615.75 to $323,301, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $318,638 they are 58 % more affordable than the average price for Tucson. The properties with the highest average price have 4 bedrooms, Their price is 97 % more costly than the average. After that we have properties with 3 bedrooms priced at $373,472.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $146 / sq.feet, with an average $171 / sq.feet price in Tucson. The properties with the highest average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $166 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $318,638 it is 54 % cheaper than the average price in Tucson. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $291,493 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $125 / sq.feet followed by "Condo" priced at $152 / sq.feet. "Land" is the most costly type of property with a $1,108 / sq.feet cost followed by "House" with an average price of $183 / sq.feet.