The prices in real estate in Foley, 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 Foley has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,607. In the following month the price per sq.feet increased considerably to $3,509. The price for the following two months in (December, January) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $2,408.5 to $1,976 during February, and March.
Based upon to the price in Foley (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $369,971. In November This price remains at $381,364. In the following two months the average price has remained the same with regard to the previous two months from $375,667.5 to $385,469. 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 $380,568.25 and $381,123 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $405,711 they are 25 % more affordable than the average price for Foley. The properties with the highest average price have 1 bedroom, Their price is 29 % more costly than the average. After that we have properties with 4 bedrooms priced at $395,204.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $238 / sq.feet, with an average $3,021 / sq.feet price in Foley. The properties with the highest average prices have 4 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $2,505 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $405,711 it is 55 % cheaper than the average price in Foley. "Office" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $442,646 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $23 / sq.feet followed by "Duplex" priced at $31 / sq.feet. "Land" is the most costly type of property with a $25,952 / sq.feet cost followed by "House" with an average price of $2,381 / sq.feet.