The prices in real estate in New Albany, in the Mississippi 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 New Albany has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $944. In the following month the price per sq.feet decreased considerably to $88. The price for the following two months in (September, October) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $303 to $99 during November, and December.
Based upon to the price in New Albany (cities), this has fallen considerably in the last 6 months. The average price for July is $258,389. During August the price had a slight fall till $235,045. During the following two months (September, October) the average price had a considerable reduction of 85 % with regard to the previous two months. 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 $228,189.5 and $216,808.5 between November and December.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 55 % cheaper than the average price of $115,792 in New Albany. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 55 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 44 % cheaper than the average price of ($57 / sq.feet) in New Albany. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 44 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $254,617 it is 83 % 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 "Townhouse". At a price of $44,160 it is 55 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $18 / sq.feet followed by "Apartment" priced at $57 / sq.feet. "Apartment" is the cheapest type of property with a $57 / sq.feet value followed by "Townhouse" with an average price of $18 / sq.feet.