The rent prices in real estate in Gulf Shores, in the Alabama region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Gulf Shores has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.22. In the following month the price per sq.feet fell to $1.04. The price for the following two months in (January, February) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 81 % 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 $1.08 to $0.88 during March, and April.
When referring to the price in Gulf Shores (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,957. In December This price remains at $1,961. In the following two months the average price has hardly changed with regard to the previous two months from $1,959 to $2,035.5. During the last two months the average price has fallen greatly compared to the previous four going from $1,997.25 to $1,618, which means a 81 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,200 they are 26 % more affordable than the average price for Gulf Shores . The properties with the highest average price have 3 bedrooms, Their price is 12 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,144.
With regard to the average prices per sq.feet those properties with 4 bedrooms are 1363 % more expensive than the average price of ($12 / sq.feet) in Gulf Shores. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 4 bedrooms. They are 1363 % more expensive than the average value aforementioned.
The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,200 it is 6 % more affordable than the average price in Gulf Shores. "House" is seen as the second most affordable property type. The most affordable property is "House" followed by "Duplex". At a price of $1,123 it is 5 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Duplex" at an average price of $2 / sq.feet followed by "House" priced at $12 / sq.feet. "House" is the most expensive type of property with a $12 / sq.feet value followed by "Duplex" with an average price of $2 / sq.feet.