The prices in real estate in Geismar, 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 Geismar has increased strongly during the last 6 months. In September, the average price per sq.feet was $143. In the following month the price per sq.feet increased considerably to $175. The price for the following two months in (November, December) had a considerable increment of 120 %. The price per sq.feet has had a considerable increase of 1007 % 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 $175 to $1,763 during January, and February.
Based upon to the price in Geismar (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $438,210. In October This price remains at $430,304. In the following two months the average price has remained the same with regard to the previous two months from $434,257 to $423,557. 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 $428,907 and $445,562.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $438,928 they are 31 % more affordable than the average price for Geismar. The properties with the lowest average price have 1 bedroom, Their price is 29 % cheaper than the average. After that we have properties with 2 bedrooms priced at $301,568.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $82 / sq.feet, with an average $3,344 / sq.feet price in Geismar. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 1 bedroom with a price at $82 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $438,928 it is 36 % cheaper than the average price in Geismar. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $301,568 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $85 / sq.feet followed by "Apartment" priced at $89 / sq.feet. "Townhouse" is the most costly type of property with a $12,482 / sq.feet cost followed by "Apartment" with an average price of $89 / sq.feet.