Property prices for sale in Mobile (Alabama)
The prices in real estate in Mobile, 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 Mobile has remained the same in the last 6 months. In October, the average price per sq.feet was $1,043. In the following month the price per sq.feet increased considerably to $1,207. The price for the following two months in (December, January) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable increase of 145 % 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 $899.25 to $1,299.5 during February, and March.
Based upon to the price in Mobile (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $319,649. In November This price remains at $312,345. In the following two months the average price has remained the same with regard to the previous two months from $315,997 to $300,897.5. 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 $308,447.25 to $274,753 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $274,280 they are 35 % more affordable than the average price for Mobile. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $249,450.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $1,808 / sq.feet price in Mobile. The properties with the highest average prices have 4 bedrooms. They are 135 % more expensive than the average followed by properties with 3 bedrooms with a price at $968 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $274,280 it is 57 % cheaper than the average price in Mobile. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $218,402 it is 2 % 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 $200 / sq.feet followed by "House" priced at $2,101 / sq.feet. "Land" is the most costly type of property with a $44,855 / sq.feet cost followed by "House" with an average price of $2,101 / sq.feet.
