The prices in real estate in Elmore, 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 Elmore has increased strongly during the last 6 months. In September, the average price per sq.feet was $132. In the following month the price per sq.feet increased considerably to $14,529. In the following two months the price per sq.feet has increased 110 %, going from $7,330.5 to $8,046 per sq.feet. The price per sq.feet has had a considerable deflation of 78 % 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 $7,688.25 to $6,016 during January, and February.
Based upon to the price in Elmore (cities), this has fallen considerably in the last 6 months. The average price for September is $198,068. During October the price had a considerable reduction till $133,600. During the following two months (November, December) the average price had a considerable increase of 121 % 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 $183,649.5 to $66,891, which means a 36 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $133,782 they are 29 % more expensive than the average price for Elmore. Following this ranking we find those properties with 1 at an average price of $174,968. The properties with the highest average price have 1 bedroom, Their price is 31 % more costly than the average. After that we have properties with 2 bedrooms priced at $172,591.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $47 / sq.feet, with an average $12,032 / sq.feet price in Elmore. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $47 / sq.feet.
With regard to the average price based upon the property in Elmore we can see that most expensive property type is "Apartment" at a price of $172,591, they are 29 % more costly than the average price of (!PRECIO2!). "Apartment" has the highest price. This price is 29 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $47 / sq.feet. "Apartment" with an average cost of $47 / sq.feet has the lowest price and would be directed at less affluent cities.