The average price in the Arizona region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Arizona has increased strongly in the last 6 months. During October, the average price per sq.feet was $170. In November the price pretty much stayed the same at $174 per sq.feet. In the following two months (December, January) the price per sq.feet has risen strongly to a 149 %. In the last two months, the price per sq.feet has decreased 94 %. This has been obtained by comparing the price $214.5 for the first four months of the sample with regard to the previous 4 months and the price $202.5 per sq.feet for the last two months (February, March).
Based upon to the price in Arizona(region), this has increased in the last 6 months. The average price in October is $338,744. In November the price increased to $375,648. In the following two months the average price didn't change much compared to the previous two going from $357,196 to $344,183. During the last two months the price has had a considerable increase of 115 % with respect to the previous four months going from $350,689.5 a $405,044.5.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 42 % more affordable than the average price in Arizona followed by those with 1 with an average price of $329,527. The most costly properties have 4 bedrooms. They are 6 % more expensive than the average followed by those properties with 3 bedrooms priced at $350,387.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $168 / sq.feet being $196 / sq.feet the average value within the Arizona region. The properties with the most expensive average price are those with 1 bedroom. These are 30 % more costly than the average followed by those with 2 bedrooms with a price of $185 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $431,807 it is 63 % more affordable than the average in Arizona. This is followed by "Condo" with a price of $180,147. The dearest property type is "Commercial" and is 34 % more expensive than the average, followed by "House" with a cost of $348,042.
Based on the average cost per sq.feet the cheapest property type is "Duplex with a an average cost of $144 / sq.feet, followed by "House" with a price of $157 / sq.feet. "Apartment" with an average price of $2,343 / sq.feet is the most costly type of property followed by "Commercial" at a price of $1,473 / sq.feet.