Property prices for sale in Orange Beach (Alabama)
The prices in real estate in Orange Beach, 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 Orange Beach has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,619. In the following month the price per sq.feet increased considerably to $2,375. The price for the following two months in (December, January) had a considerable increment of 116 %. The price per sq.feet has increased 114 % 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 $2,158.25 to $2,452 during February, and March.
Based upon to the price in Orange Beach (cities), these have remained the same in the last 6 months. The price in October is $942,239, rising in November till $1,023,252. In the following two months the average price has remained the same with regard to the previous two months from $982,745.5 to $966,377. 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 $974,561.25 and $995,111 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,026,782 they are 52 % more affordable than the average price for Orange Beach. The properties with the highest average price have 4 bedrooms, Their price is 54 % more costly than the average. After that we have properties with 3 bedrooms priced at $827,200.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $555 / sq.feet, with an average $4,198 / sq.feet price in Orange Beach. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $918 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,026,782 it is 62 % cheaper than the average price in Orange Beach. "Multi Family House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $1,149,361 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Multi Family House" at an average cost of $224 / sq.feet followed by "Townhouse" priced at $313 / sq.feet. "Land" is the most costly type of property with a $44,486 / sq.feet cost followed by "House" with an average price of $5,715 / sq.feet.
