Property prices for sale in Gulf Shores (Alabama)
The prices in real estate in Gulf Shores, in the Alabama 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 Gulf Shores has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,007. In the following month the price per sq.feet increased considerably to $2,224. The price for the following two months in (January, February) had a considerable decrease of 48 with regard to the prior two months. The price per sq.feet has had a considerable increase of 136 % 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 $1,194.5 to $1,625.5 during March, and April.
Based upon to the price in Gulf Shores (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $701,706. In December This price remains at $709,328. In the following two months the average price has remained the same with regard to the previous two months from $705,517 to $711,552.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $708,534.75 and $696,680.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $736,785 they are 51 % more affordable than the average price for Gulf Shores. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $608,506.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $355 / sq.feet, with an average $456 / sq.feet price in Gulf Shores. The properties with the highest average prices have 4 bedrooms. They are 45 % more expensive than the average followed by properties with 1 bedroom with a price at $596 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $736,785 it is 59 % cheaper than the average price in Gulf Shores. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $826,516 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $274 / sq.feet followed by "Detached House" priced at $421 / sq.feet. "Land" is the most costly type of property with a $120,171 / sq.feet cost followed by "House" with an average price of $935 / sq.feet.
