The prices in real estate in Montevallo, 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 Montevallo has increased strongly during the last 6 months. In November, the average price per sq.feet was $163. In December this price pretty much remained the same at a value of $161 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 1929 %. The price per sq.feet has had a considerable increase of 138 % 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 $1,643.75 to $2,271 during March, and April.
Based upon to the price in Montevallo (cities), this has gone downing the last 6 months. The average price for November is $279,898. During December the price had a slight fall till $259,646. During the following two months (January, February) the price has had an average incrementation from $269,772 to $284,795.5. 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 $277,283.75 to $247,348.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $253,047 they are 40 % more affordable than the average price for Montevallo. The properties with the lowest average price have 1 bedroom, Their price is 39 % cheaper than the average. After that we have properties with 2 bedrooms priced at $152,041.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $50 / sq.feet, with an average $165 / sq.feet price in Montevallo. The properties with the highest average prices have 2 bedrooms. They are 75 % more expensive than the average followed by properties with 1 bedroom with a price at $50 / sq.feet.
With regard to the average price based upon the property in Montevallo we can see that the cheapest property type is "House" at a price of $152,041, they are 40 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 40 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $288 / sq.feet. "House" at an average price of $288 / sq.feet has the most expensive price and would be directed at more affluent cities.