The prices in real estate in Alexander, in the Arkansas 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 Alexander has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $262. In the following month the price per sq.feet increased considerably to $447. The price for the following two months in (June, July) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 46 % 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 $252.75 to $116.5 during August, and September.
Based upon to the price in Alexander (cities), this has fallen considerably in the last 6 months. The price in April is $389,817, rising in May till $414,800. During the following two months (June, July) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $353,323.25 to $242,818, which means a 69 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 85 % cheaper than the average price of $36,593 in Alexander. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 85 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 56 % more costly than the average price of ($182 / sq.feet) in Alexander. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 56 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $249,535 it is 85 % cheaper than the average price in Alexander. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Land". At a price of $36,593 it is 71 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $40 / sq.feet followed by "Land" priced at $182 / sq.feet. "Land" is the most costly type of property with a $182 / sq.feet cost followed by "Townhouse" with an average price of $40 / sq.feet.