The prices in real estate in Denham Springs, 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 Denham Springs has increased strongly during the last 6 months. In January, the average price per sq.feet was $153. In the following month the price per sq.feet increased considerably to $540. In the following two months the price per sq.feet has barely changed, going from $346.5 to $355.5 per sq.feet. The price per sq.feet has had a considerable increase of 245 % 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 $351 to $861 during May, and June.
Based upon to the price in Denham Springs (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $233,175. In February This price remains at $236,994. During the following two months (March, April) the price has had an average incrementation from $235,084.5 to $248,507.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $241,796 to $226,707 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $234,313 they are 17 % more affordable than the average price for Denham Springs. The properties with the highest average price have 1 bedroom, Their price is 2 % more costly than the average. After that we have properties with 2 bedrooms priced at $194,764.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $98 / sq.feet, with an average $911 / sq.feet price in Denham Springs. The properties with the lowest average prices have 1 bedroom. They are 88 % cheaper than the average followed by properties with 2 bedrooms with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $234,313 it is 17 % cheaper than the average price in Denham Springs. "Condo" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Condo". At a price of $223,595 it is 3 % 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 $97 / sq.feet followed by "Apartment" priced at $98 / sq.feet. "Condo" is the cheapest type of property with a $115 / sq.feet value followed by "Apartment" with an average price of $98 / sq.feet.