Property prices for sale in Fort Payne (Alabama)
The prices in real estate in Fort Payne, 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 Fort Payne has increased strongly during the last 6 months. In November, the average price per sq.feet was $174. In December this price pretty much remained the same at a value of $170 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $172 to $193.5 per sq.feet. The price per sq.feet has had a considerable increase of 477 % 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 $182.75 to $871.5 during March, and April.
Based upon to the price in Fort Payne (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $322,060. In December This price remains at $325,100. In the following two months the average price has remained the same with regard to the previous two months from $323,580 to $327,593.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $380,393 they are 55 % more affordable than the average price for Fort Payne. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $293,937.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $156 / sq.feet, with an average $199 / sq.feet price in Fort Payne. The properties with the highest average prices have 4 bedrooms. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $380,393 it is 78 % cheaper than the average price in Fort Payne. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $81,960 it is 5 % 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 $179 / sq.feet followed by "Land" priced at $20,914 / sq.feet. "Land" is the most costly type of property with a $20,914 / sq.feet cost followed by "House" with an average price of $179 / sq.feet.
