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 March, the average price per sq.feet was $211. The following month (April) the price had a considerable increase reaching $808 per sq.feet. In the following two months (May, June) the price per sq.feet has risen strongly to a 342 %. In the last two months, the price per sq.feet has had a significant decrease of 44 %. This has been obtained by comparing the price of $1,125.25 for the first four months of the sample with regard to the previous 4 months and the price of $493 per sq.feet for the last two months (July, August).
Based upon to the price in Arizona(region), this has increased considerably in the last 6 months. In the first month sample for March the average price is $429,937. During April it went through a strong inflation reaching $509,272 The price in the following months (May, June) had a strong increment of 157 % going from $469,604.5 to $739,403. During the last two months the price has had a considerable reduction of 64 % with respect to the previous four months going from $604,503.75 a $387,601.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 57 % more affordable than the average price in Arizona followed by those with 2 with an average price of $250,721. The most costly properties have 4 bedrooms. They are 84 % more expensive than the average followed by those properties with 3 bedrooms priced at $447,873.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $169 / sq.feet being $404 / sq.feet the average value within the Arizona region. The properties with the most expensive average price are those with 4 bedrooms. These are 856 % more costly than the average followed by those with 3 bedrooms with a price of $1,035 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $402,095 it is 58 % more affordable than the average in Arizona. This is followed by "Condo" with a price of $250,886. The dearest property type is "Commercial" and is 35 % more expensive than the average, followed by "House" with a cost of $519,604.
Based on the average cost per sq.feet the cheapest property type is "Condo with a an average cost of $196 / sq.feet, followed by "Townhouse" with a price of $355 / sq.feet. "Land" with an average price of $985 / sq.feet is the most costly type of property followed by "Apartment" at a price of $571 / sq.feet.