Property prices for sale in Grand Isle (Louisiana)
The prices in real estate in Grand Isle, 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 Grand Isle has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $29,286. In the following month the price per sq.feet decreased considerably to $302. The price for the following two months in (December, January) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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 $7,471.75 to $316 during February, and March.
Based upon to the price in Grand Isle (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $364,533. During November the price went through a considerable rise reaching $466,086. During the following two months (December, January) the average price had a considerable reduction of 55 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $431,959 they are 43 % more affordable than the average price for Grand Isle. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at $390,588.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $230 / sq.feet, with an average $313 / sq.feet price in Grand Isle. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 4 bedrooms with a price at $324 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $431,959 it is 52 % cheaper than the average price in Grand Isle. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $360,750 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $281 / sq.feet followed by "Condo" priced at $295 / sq.feet. "Land" is the most costly type of property with a $184,350 / sq.feet cost followed by "Condo" with an average price of $295 / sq.feet.
