Property prices for sale in Scottsboro (Alabama)
The prices in real estate in Scottsboro, 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 Scottsboro has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $4,766. In the following month the price per sq.feet decreased considerably to $191. The price for the following two months in (May, June) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $1,374 to $193 during July, and August.
Based upon to the price in Scottsboro (cities), these have remained the same in the last 6 months. The average price for March is $419,251. During April the price had a slight fall till $359,067. In the following two months the average price has remained the same with regard to the previous two months from $389,159 to $373,524.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $489,463 they are 69 % more affordable than the average price for Scottsboro. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 3 bedrooms priced at $372,466.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $170 / sq.feet, with an average $204 / sq.feet price in Scottsboro. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $200 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $489,463 it is 57 % cheaper than the average price in Scottsboro. "Farm" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $409,775 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $40 / sq.feet followed by "House" priced at $175 / sq.feet. "Land" is the most costly type of property with a $83,827 / sq.feet cost followed by "Detached House" with an average price of $208 / sq.feet.
