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 October, the average price per sq.feet was $127. In the following month the price per sq.feet increased considerably to $452. The price for the following two months in (December, January) had a considerable increment of 128 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $330.5 to $335.5 during February y March
Based upon to the price in Franklinton (cities), this has fallen considerably in the last 6 months. The price in October is $250,596, rising in November till $272,175. During the following two months (December, January) the average price had a considerable reduction of 70 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $222,705 to $140,193.5, which means a 63 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $161,273 they are 10 % more affordable than the average price for Franklinton. The properties with the highest average price have 4 bedrooms, Their price is 230 % more costly than the average. After that we have properties with 3 bedrooms priced at $233,384.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $55 / sq.feet, with an average $392 / sq.feet price in Franklinton. The properties with the lowest average prices have 1 bedroom. They are 57 % cheaper than the average followed by properties with 4 bedrooms with a price at $90 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $161,273 it is 101 % 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 $344,208 it is 266 % 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 $64 / sq.feet followed by "Land" priced at $66 / sq.feet. "House" is the cheapest type of property with a $112 / sq.feet value followed by "Land" with an average price of $66 / sq.feet.