The prices in real estate in Mobile, in the Alabama region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Mobile has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $352. The price for the following two months in (December, January) had a considerable increment of 201 %. The price per sq.feet has increased 109 % 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 $264.5 to $288 during February, and March.
Based upon to the price in Mobile (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $175,791. During the following two months (December, January) the average price had a considerable increase of 200 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 179 % 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 $231,919 they are 16 % more affordable than the average price for Mobile. The properties with the highest average price have 1 bedroom, Their price is 6 % more costly than the average. After that we have properties with 4 bedrooms priced at $241,756.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $124 / sq.feet, with an average $389 / sq.feet price in Mobile. The properties with the highest average prices have 2 bedrooms. They are 256 % more expensive than the average followed by properties with 3 bedrooms with a price at $799 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $231,919 it is 19 % cheaper than the average price in Mobile. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $242,517 it is 26 % 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 $119 / sq.feet followed by "Detached House" priced at $340 / sq.feet. "Condo" is the most costly type of property with a $2,149 / sq.feet cost followed by "Detached House" with an average price of $340 / sq.feet.