The prices in real estate in New Albany, in the Mississippi 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 New Albany has increased strongly during the last 6 months. In September, the average price per sq.feet was $677. In the following month the price per sq.feet increased considerably to $2,757. In the following two months the price per sq.feet has increased 114 %, going from $1,717 to $1,964.5 per sq.feet. The price per sq.feet has had a considerable increase of 210 % 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 $1,840.75 to $3,867.5 during January, and February.
Based upon to the price in New Albany (cities), these have remained the same in the last 6 months. The average price for September is $243,961. During October the price had a slight fall till $228,154. In the following two months the average price has remained the same with regard to the previous two months from $236,057.5 to $240,511.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $238,284.5 and $226,863.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $231,427 they are 61 % more affordable than the average price for New Albany. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $237,165.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $33 / sq.feet, with an average $7,601 / sq.feet price in New Albany. The properties with the lowest average prices have 3 bedrooms. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $63 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $231,427 it is 82 % cheaper than the average price in New Albany. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "". At a price of $42,323 it is 52 % more affordable than the average price.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $15 / sq.feet. "Apartment" with an average cost of $15 / sq.feet has the lowest price and would be directed at less affluent cities.