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 April, the average price per sq.feet was $257. The following month (May) the price increased to $287 per sq.feet. In the following two months (June, July) the price per sq.feet has risen strongly to a 118 %. In the last two months, the price per sq.feet has had a significant increase of 167 %. This has been obtained by comparing the price of $297 for the first four months of the sample with regard to the previous 4 months and the price of $496.5 per sq.feet for the last two months (August, September).
Based upon to the price in Arizona(region), these have remained the same in the last 6 months. In the first month sample for April the average price is $480,452. During May it went through a strong inflation reaching $616,607 In the following two months the average price has decreased 74 % compared to the previous two. During the last two months the price has risen 105 % compared to the previous average values going from $478,496.5 a $503,888 in August and September.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 68 % more affordable than the average price in Arizona followed by those with 2 with an average price of $378,942. The most costly properties have 4 bedrooms. They are 34 % more expensive than the average followed by those properties with 3 bedrooms priced at $564,592.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $260 / sq.feet being $580 / sq.feet the average value within the Arizona region. The properties with the most expensive average price are those with 3 bedrooms. These are 62 % more costly than the average followed by those with 4 bedrooms with a price of $304 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $529,830 it is 80 % more affordable than the average in Arizona. This is followed by "Condo" with a price of $320,597. The dearest property type is "Commercial" and is 83 % more expensive than the average, followed by "House" with a cost of $592,220.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $258 / sq.feet, followed by "Townhouse" with a price of $277 / sq.feet. "Land" with an average price of $925 / sq.feet is the most costly type of property followed by "House" at a price of $721 / sq.feet.