Property prices for sale in Montgomery (Alabama)
The prices in real estate in Montgomery, in the Alabama region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Montgomery has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,357. In the following month the price per sq.feet increased considerably to $2,782. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $1,316 to $128 during February, and March.
Based upon to the price in Montgomery (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $263,107. In November This price remains at $264,270. During the following two months (December, January) the price has had an average incrementation from $263,688.5 to $292,465. 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 $278,076.75 and $281,754 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $237,124 they are 51 % more affordable than the average price for Montgomery. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $177,130.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $85 / sq.feet, with an average $114 / sq.feet price in Montgomery. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at $135 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $237,124 it is 53 % cheaper than the average price in Montgomery. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $150,585 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $109 / sq.feet followed by "Condo" priced at $135 / sq.feet. "Land" is the most costly type of property with a $28,231 / sq.feet cost followed by "Commercial" with an average price of $235 / sq.feet.
