The prices in real estate in Buras, in the Louisiana 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 Buras has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $5,412. In the following month the price per sq.feet decreased considerably to $117. The price for the following two months in (January, February) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $1,434.25 to $108 during March, and April.
Based upon to the price in Buras (cities), this has fallen considerably in the last 6 months. The average price for November is $288,235. During December the price had a considerable reduction till $222,000. During the following two months (January, February) the average price had a considerable reduction of 61 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $205,019.25 to $174,941.5 in March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 39 % cheaper than the average price of $113,395 in Buras. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 39 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 59 % more costly than the average price of ($169 / sq.feet) in Buras. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 59 % more costly than the average value aforementioned.