The prices in real estate in Daphne, 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 Daphne has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $5,439. In the following month the price per sq.feet decreased considerably to $2,582. The price for the following two months in (January, February) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $2,085 to $165 during March, and April.
Based upon to the price in Daphne (cities), this has fallen considerably in the last 6 months. The average price for November is $13,466,614. During December the price had a considerable reduction till $5,560,860. During the following two months (January, February) the average price had a considerable reduction of 4 % 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 $4,928,599 to $382,316.5, which means a 8 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $403,090 they are 76 % more affordable than the average price for Daphne. The properties with the lowest average price have 4 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 3 bedrooms priced at $159,316.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $97 / sq.feet, with an average $171 / sq.feet price in Daphne. The properties with the highest average prices have 2 bedrooms. They are 587 % more expensive than the average followed by properties with 3 bedrooms with a price at $992 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $403,090 it is 64 % cheaper than the average price in Daphne. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $261,936 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $62 / sq.feet followed by "Commercial" priced at $89 / sq.feet. "House" is the most costly type of property with a $1,120 / sq.feet cost followed by "Condo" with an average price of $109 / sq.feet.