The prices in real estate in Wetumpka, 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 Wetumpka has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $277. In the following month the price per sq.feet decreased considerably to $130. The price for the following two months in (July, August) had a considerable increment of 160 %. The price per sq.feet has had a considerable deflation of 32 % 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 $264.75 to $84 during September, and October.
Based upon to the price in Wetumpka (cities), this has gone downing the last 6 months. The average price for May is $173,054. During June the price had a considerable reduction till $118,283. During the following two months (July, August) the price has had an average incrementation from $145,668.5 to $159,474. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $167,970 they are 2 % more affordable than the average price for Wetumpka. The properties with the highest average price have 2 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 1 bedroom priced at $165,063.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $99 / sq.feet, with an average $77 / sq.feet price in Wetumpka. The properties with the highest average prices have 2 bedrooms. They are 129710 % more expensive than the average followed by properties with 1 bedroom with a price at $99 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of $167,970 it is 24 % more expensive than the average price in Wetumpka. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $208,104 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $99,454 / sq.feet followed by "Apartment" priced at $99,954 / sq.feet. "Apartment" is the most costly type of property with a $99,954 / sq.feet cost followed by "Commercial" with an average price of $99,454 / sq.feet.