The prices in real estate in Athens, 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 Athens has increased strongly during the last 6 months. In November, the average price per sq.feet was $191. In December this price pretty much remained the same at a value of $189 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 785 %. The price per sq.feet has had a considerable increase of 270 % 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 $841 to $2,268 during March, and April.
Based upon to the price in Athens (cities), these have remained the same in the last 6 months. The average price for November is $366,187. During December the price had a slight fall till $341,660. During the following two months (January, February) the price has had an average incrementation from $353,923.5 to $374,202.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $364,063 to $334,082.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $336,165 they are 19 % more affordable than the average price for Athens. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $293,293.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $143 / sq.feet, with an average $1,014 / sq.feet price in Athens. The properties with the highest average prices have 4 bedrooms. They are 111 % more expensive than the average followed by properties with 3 bedrooms with a price at $319 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $336,165 it is 42 % cheaper than the average price in Athens. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $348,630 it is 5 % 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 $55 / sq.feet followed by "Condo" priced at $215 / sq.feet. "Land" is the most costly type of property with a $42,343 / sq.feet cost followed by "House" with an average price of $1,436 / sq.feet.