The prices in real estate in Phenix City, in the Alabama 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 Phenix City has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $350. In the following month the price per sq.feet decreased considerably to $138. The price for the following two months in (June, July) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 48 % 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 $182 to $87.5 during August, and September.
Based upon to the price in Phenix City (cities), these have remained the same in the last 6 months. The average price for April is $132,625. During May the price had a slight fall till $115,597. During the following two months (June, July) the average price fell 93 % 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 127 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $154,920 they are 212 % more expensive than the average price for Phenix City. Following this ranking we find those properties with 1 at an average price of $485,701. The properties with the highest average price have 1 bedroom, Their price is 214 % more costly than the average. After that we have properties with 4 bedrooms priced at $483,275.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $629 / sq.feet, with an average $88 / sq.feet price in Phenix City. The properties with the highest average prices have 1 bedroom. They are 620 % more expensive than the average followed by properties with 4 bedrooms with a price at $629 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $154,920 it is 44 % cheaper than the average price in Phenix City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $166,439 it is 212 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $49 / sq.feet followed by "Condo" priced at $156 / sq.feet. "Apartment" is the most costly type of property with a $629 / sq.feet cost followed by "Condo" with an average price of $156 / sq.feet.