The average price in the Alabama region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Alabama has risen considerably in the last 6 months. During November, the average price per sq.feet was $922. The following month (December) the price had a considerable deflation reaching $324 per sq.feet. The following two months (January, February) went through a considerable deflation of 43 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant increase of 241 %. This has been obtained by comparing the price of $446.25 for the first four months of the sample with regard to the previous 4 months and the price of $1,075 per sq.feet for the last two months (March, April).
Based upon to the price in Alabama(region), this has increased in the last 6 months. November has an average price of $352,909. During December the price had a slight deflation till $334,068. The average price for the following two months (January, February) increased from $343,488.5 to $394,589. During the last two months the price has risen 109 % compared to the previous average values going from $369,038.75 a $401,564 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 44 % more affordable than the average price in Alabama followed by those with 2 with an average price of $264,479. The most costly properties have 4 bedrooms. They are 19 % more expensive than the average followed by those properties with 3 bedrooms priced at $342,411.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $195 / sq.feet being $205 / sq.feet the average value within the Alabama region. The properties with the most expensive average price are those with 1 bedroom. These are 65 % more costly than the average followed by those with 4 bedrooms with a price of $302 / sq.feet.
The graph displaying the average price according to the property type shows "Townhouse" as the cheapest one. With an average cost of $405,045 it is 32 % more affordable than the average in Alabama. This is followed by "Land" with a price of $309,198. The dearest property type is "Condo" and is 21 % more expensive than the average, followed by "Apartment" with a cost of $463,030.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $119 / sq.feet, followed by "Townhouse" with a price of $159 / sq.feet. "Land" with an average price of $3,399 / sq.feet is the most costly type of property followed by "Condo" at a price of $378 / sq.feet.