Property prices for sale in Mobile (Alabama)
The prices in real estate in Mobile, 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 Mobile has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $1,808. In the following month the price per sq.feet decreased considerably to $206. In the following two months the price per sq.feet has increased 111 %, going from $1,007 to $1,116.5 per sq.feet. The price per sq.feet has had a considerable deflation of 14 % 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 $1,061.75 to $150.5 during July, and August.
Based upon to the price in Mobile (cities), this has gone up in the last 6 months. The price in March is $274,280, rising in April till $298,497. In the following two months the average price has remained the same with regard to the previous two months from $286,388.5 to $288,671.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $325,775 they are 49 % more affordable than the average price for Mobile. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $253,159.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $140 / sq.feet, with an average $157 / sq.feet price in Mobile. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $325,775 it is 61 % cheaper than the average price in Mobile. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $189,269 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $156 / sq.feet followed by "Condo" priced at $180 / sq.feet. "Land" is the most costly type of property with a $48,651 / sq.feet cost followed by "Condo" with an average price of $180 / sq.feet.
