The prices in real estate in Bossier City, 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 Bossier City has increased strongly during the last 6 months. In October, the average price per sq.feet was $117. In the following month the price per sq.feet decreased to $109. In the following two months the price per sq.feet has barely changed, going from $113 to $112 per sq.feet. The price per sq.feet has had a considerable increase of 277 % 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 $112.5 to $311.5 during February, and March.
Based upon to the price in Bossier City (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $226,378. In November This price remains at $225,528. During the following two months (December, January) the average price fell 95 % 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 123 % 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 $277,011 they are 71 % more affordable than the average price for Bossier City. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $187,029.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $72 / sq.feet, with an average $325 / sq.feet price in Bossier City. The properties with the lowest average prices have 4 bedrooms. They are 63 % cheaper than the average followed by properties with 3 bedrooms with a price at $113 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $277,011 it is 70 % cheaper than the average price in Bossier City. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $158,115 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $30 / sq.feet followed by "House" priced at $65 / sq.feet. "Townhouse" is the cheapest type of property with a $202 / sq.feet value followed by "Apartment" with an average price of $112 / sq.feet.