The prices in real estate in Franklinton, 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 Franklinton has increased strongly during the last 6 months. In March, the average price per sq.feet was $101. In the following month the price per sq.feet increased to $107. The price for the following two months in (May, June) had a considerable increment of 713 %. The price per sq.feet has had a considerable deflation of 49 % 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 $422.75 to $207 during July, and August.
Based upon to the price in Franklinton (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $335,962. In April This price remains at $335,525. During the following two months (May, June) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $307,464.25 and $292,322 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $295,725 they are 54 % more affordable than the average price for Franklinton. The properties with the highest average price have 4 bedrooms, Their price is 85 % more costly than the average. After that we have properties with 3 bedrooms priced at $240,752.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $86 / sq.feet, with an average $269 / sq.feet price in Franklinton. The properties with the lowest average prices have 4 bedrooms. They are 55 % cheaper than the average followed by properties with 1 bedroom with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $295,725 it is 13 % more expensive than the average price in Franklinton. "Farm" is seen as the second dearest property type. The dearest property type is "House" followed by "Farm". At a price of $355,066 it is 106 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $95 / sq.feet followed by "Land" priced at $97 / sq.feet. "House" is the cheapest type of property with a $143 / sq.feet value followed by "Land" with an average price of $97 / sq.feet.