Property prices for sale in Elberta (Alabama)
The prices in real estate in Elberta, 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 Elberta has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,808. In the following month the price per sq.feet decreased considerably to $329. The price for the following two months in (January, February) had a considerable increment of 341 %. The price per sq.feet has had a considerable increase of 328 % 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 $2,355 to $7,725.5 during March, and April.
Based upon to the price in Elberta (cities), this has gone downing the last 6 months. The average price for November is $633,870. During December the price had a slight fall till $561,154. During the following two months (January, February) the price has had an average incrementation from $597,512 to $643,892.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $620,702.25 to $565,869 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $608,944 they are 29 % more affordable than the average price for Elberta. The properties with the highest average price have 3 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 4 bedrooms priced at $600,349.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $2,943 / sq.feet price in Elberta. The properties with the lowest average prices have 1 bedroom. They are 84 % cheaper than the average followed by properties with 2 bedrooms with a price at $328 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $608,944 it is 47 % cheaper than the average price in Elberta. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $619,409 it is 131 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $310 / sq.feet followed by "Detached House" priced at $507 / sq.feet. "Land" is the most costly type of property with a $114,662 / sq.feet cost followed by "Detached House" with an average price of $507 / sq.feet.
