Property prices for sale in Fairhope (Alabama)
The prices in real estate in Fairhope, in the Alabama region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Fairhope has fallen in the last 6 months. In October, the average price per sq.feet was $4,653. In the following month the price per sq.feet increased considerably to $5,885. The price for the following two months in (December, January) had a considerable decrease of 69 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 $4,444.75 to $4,237.5 during February y March
Based upon to the price in Fairhope (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $576,037. During November the price went through a considerable rise reaching $729,286. In the following two months the average price has remained the same with regard to the previous two months from $652,661.5 to $633,882.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $643,272 to $558,008.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $536,072 they are 9 % more affordable than the average price for Fairhope. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $509,394.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $460 / sq.feet, with an average $6,268 / sq.feet price in Fairhope. The properties with the highest average prices have 4 bedrooms. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $5,042 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $536,072 it is 64 % cheaper than the average price in Fairhope. "Duplex" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Condo". At a price of $646,079 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $84 / sq.feet followed by "Detached House" priced at $311 / sq.feet. "Land" is the most costly type of property with a $17,361 / sq.feet cost followed by "House" with an average price of $7,894 / sq.feet.
