Property prices for sale in Hoover (Alabama)
The prices in real estate in Hoover, 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 Hoover has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,289. In November this price pretty much remained the same at a value of $2,398 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $2,103 to $1,757.5 during February, and March.
Based upon to the price in Hoover (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $489,621. In November This price remains at $513,266. During the following two months (December, January) the price has had an average incrementation from $501,443.5 to $558,633. 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 $530,038.25 and $553,151 between 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 $535,285 they are 77 % more affordable than the average price for Hoover. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $418,000.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $169 / sq.feet, with an average $1,824 / sq.feet price in Hoover. The properties with the highest average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at $360 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $535,285 it is 75 % cheaper than the average price in Hoover. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $324,114 it is 5 % 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 $146 / sq.feet followed by "Townhouse" priced at $160 / sq.feet. "Land" is the most costly type of property with a $88,348 / sq.feet cost followed by "House" with an average price of $2,491 / sq.feet.
