The prices in real estate in Vail, 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 Vail has increased strongly during the last 6 months. In September, the average price per sq.feet was $136. In October this price pretty much remained the same at a value of $138 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $137 to $136.5 per sq.feet. The price per sq.feet has had a considerable increase of 151 % 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 $136.75 to $206 during January, and February.
Based upon to the price in Vail (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $306,362. In October This price remains at $302,686. During the following two months (November, December) the price has had an average incrementation from $304,524 to $321,133. During the last two months the average price has had a strong fall compared to the previous four going from $312,828.5 to $228,273.5, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $225,252 they are 15 % more expensive than the average price for Vail. Following this ranking we find those properties with 1 at an average price of $271,409. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $286,991.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $116 / sq.feet, with an average $205 / sq.feet price in Vail. The properties with the lowest average prices have 2 bedrooms. They are 36 % cheaper than the average followed by properties with 4 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $225,252 it is 17 % more expensive than the average price in Vail. "House" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $285,574 it is 35 % 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 $108 / sq.feet followed by "House" priced at $119 / sq.feet. "Townhouse" is the cheapest type of property with a $124 / sq.feet value followed by "House" with an average price of $119 / sq.feet.