Property prices for sale in Lafayette (Louisiana)
The prices in real estate in Lafayette, in the Louisiana 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 Lafayette has increased strongly during the last 6 months. In November, the average price per sq.feet was $170. In the following month the price per sq.feet increased considerably to $236. The price for the following two months in (January, February) had a considerable increment of 144 %. The price per sq.feet has had a considerable increase of 134 % 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 $248 to $333 during March, and April.
Based upon to the price in Lafayette (cities), these have remained the same in the last 6 months. The average price for November is $358,880. During December the price had a slight fall till $331,614. In the following two months the average price has remained the same with regard to the previous two months from $345,247 to $357,336. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $394,480 they are 79 % more affordable than the average price for Lafayette. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $285,541.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $141 / sq.feet, with an average $175 / sq.feet price in Lafayette. 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 $155 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $394,480 it is 68 % cheaper than the average price in Lafayette. "Commercial" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $490,727 it is 97 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $49 / sq.feet followed by "Office" priced at $54 / sq.feet. "Land" is the most costly type of property with a $100,917 / sq.feet cost followed by "Detached House" with an average price of $229 / sq.feet.
