Property prices for sale in Guntersville (Alabama)
The prices in real estate in Guntersville, 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 Guntersville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,543. In the following month the price per sq.feet decreased considerably to $305. The price for the following two months in (December, January) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable increase of 157 % 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 $1,185.75 to $1,865 during February, and March.
Based upon to the price in Guntersville (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $540,561. In November This price remains at $554,128. During the following two months (December, January) the average price had a considerable reduction of 76 % 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 $482,939.5 to $404,671, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $389,538 they are 32 % more affordable than the average price for Guntersville. The properties with the highest average price have 4 bedrooms, Their price is 91 % more costly than the average. After that we have properties with 3 bedrooms priced at $452,241.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $214 / sq.feet, with an average $2,548 / sq.feet price in Guntersville. The properties with the lowest average prices have 3 bedrooms. They are 70 % cheaper than the average followed by properties with 4 bedrooms with a price at $654 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $389,538 it is 59 % cheaper than the average price in Guntersville. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $437,778 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $272 / sq.feet followed by "House" priced at $2,397 / sq.feet. "Land" is the most costly type of property with a $31,982 / sq.feet cost followed by "House" with an average price of $2,397 / sq.feet.
