The prices in real estate in Arab, 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 Arab has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,216. In the following month the price per sq.feet decreased considerably to $87. The price for the following two months in (September, October) had a considerable decrease of 13 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 24 % 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 $369.25 to $87 during November, and December.
Based upon to the price in Arab (cities), this has fallen considerably in the last 6 months. The average price for July is $359,082. During August the price had a considerable reduction till $235,792. During the following two months (September, October) the average price had a considerable reduction of 75 % with regard to the previous two months. 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 $259,934.25 and $256,845 between November and December.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 76 % cheaper than the average price of $59,115 in Arab. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 76 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 9 % cheaper than the average price of ($80 / sq.feet) in Arab. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 9 % cheaper 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 $241,881 it is 76 % cheaper than the average price in Arab. "Farm" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Land". At a price of $59,115 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $80 / sq.feet followed by "Farm" priced at $82 / sq.feet. "Farm" is the cheapest type of property with a $82 / sq.feet value followed by "Land" with an average price of $80 / sq.feet.