Property prices for sale in Bay Minette (Alabama)
The prices in real estate in Bay Minette, 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 Bay Minette has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,446. In the following month the price per sq.feet decreased considerably to $293. The price for the following two months in (December, January) had a considerable decrease of 21 with regard to the prior two months. The price per sq.feet has had a considerable increase of 776 % 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 $528 to $4,098.5 during February, and March.
Based upon to the price in Bay Minette (cities), this has gone up in the last 6 months. The price in October is $245,392, rising in November till $275,482. During the following two months (December, January) the price has had an average incrementation from $260,437 to $292,516. 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 $276,476.5 and $273,677.5 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 $241,323 they are 68 % more affordable than the average price for Bay Minette. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 1 bedroom priced at $324,617.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $52 / sq.feet, with an average $4,932 / sq.feet price in Bay Minette. The properties with the lowest average prices have 1 bedroom. They are 82 % cheaper than the average followed by properties with 4 bedrooms with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $241,323 it is 64 % cheaper than the average price in Bay Minette. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $248,068 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $108 / sq.feet followed by "House" priced at $149 / sq.feet. "Land" is the cheapest type of property with a $189 / sq.feet value followed by "House" with an average price of $149 / sq.feet.
