Property prices for sale in Mentone (Alabama)
The prices in real estate in Mentone, 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 Mentone has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $5,312. In the following month the price per sq.feet decreased considerably to $555. The price for the following two months in (December, January) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable increase of 260 % 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 $2,046.75 to $5,329 during February, and March.
Based upon to the price in Mentone (cities), these have remained the same in the last 6 months. The price in October is $409,132, rising in November till $448,490. In the following two months the average price has remained the same with regard to the previous two months from $428,811 to $432,901.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $430,856.25 to $382,948.5 in 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 $383,386 they are 34 % more affordable than the average price for Mentone. The properties with the highest average price have 4 bedrooms, Their price is 133 % more costly than the average. After that we have properties with 3 bedrooms priced at $495,805.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $205 / sq.feet, with an average $7,946 / sq.feet price in Mentone. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 2 bedrooms with a price at $300 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $383,386 it is 66 % cheaper than the average price in Mentone. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $131,506 it is 28 % 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 $240 / sq.feet followed by "Land" priced at $57,846 / sq.feet. "Land" is the most costly type of property with a $57,846 / sq.feet cost followed by "House" with an average price of $240 / sq.feet.
