Property prices for sale in Birmingham (Alabama)
The prices in real estate in Birmingham, 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 Birmingham has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,268. In the following month the price per sq.feet decreased considerably to $424. The price for the following two months in (January, February) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $520.75 to $519 during March y April
Based upon to the price in Birmingham (cities), this has fallen considerably in the last 6 months. The average price for November is $365,190. During December the price had a slight fall till $314,535. During the following two months (January, February) the average price fell 86 % 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 $315,511.5 and $314,138.5 between 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 $308,086 they are 42 % more affordable than the average price for Birmingham. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 1 bedroom priced at $257,699.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $194 / sq.feet price in Birmingham. The properties with the highest average prices have 1 bedroom. They are 120 % more expensive than the average followed by properties with 4 bedrooms with a price at $225 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $308,086 it is 38 % cheaper than the average price in Birmingham. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $317,651 it is 98 % 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 $158 / sq.feet followed by "Commercial" priced at $172 / sq.feet. "Land" is the most costly type of property with a $91,615 / sq.feet cost followed by "Condo" with an average price of $308 / sq.feet.
