The prices in real estate in Hoover, in the Alabama region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Hoover has remained the same in the last 6 months. In February, the average price per sq.feet was $180. In March this price pretty much remained the same at a value of $186 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $183 to $177 per sq.feet. The price per sq.feet has decreased 94 % 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 $180 to $170 during June, and July.
Based upon to the price in Hoover (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $606,383. In March This price remains at $617,395. During the following two months (April, May) the average price had a considerable reduction of 84 % 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 $563,557.75 to $448,279.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $438,079 they are 18 % more expensive than the average price for Hoover. Following this ranking we find those properties with 4 at an average price of $610,130. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 1 bedroom priced at $518,191.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $177 / sq.feet, with an average $169 / sq.feet price in Hoover. 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 $177 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $438,079 it is 21 % cheaper than the average price in Hoover. "Land" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $379,935 it is 39 % 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 $110 / sq.feet followed by "Land" priced at $123 / sq.feet. "Apartment" is the most costly type of property with a $192 / sq.feet cost followed by "House" with an average price of $132 / sq.feet.