The prices in real estate in Gretna, 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 Gretna has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $161. In the following month the price per sq.feet decreased to $148. The price for the following two months in (May, June) had a considerable decrease of 74 with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $134.75 to $126.5 during July, and August.
Based upon to the price in Gretna (cities), these have remained the same in the last 6 months. The average price for March is $351,542. During April the price had a slight fall till $310,987. During the following two months (May, June) the average price had a considerable increase of 131 % 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 $382,893.25 to $252,765, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $253,429 they are 40 % more affordable than the average price for Gretna. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $317,338.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $111 / sq.feet, with an average $126 / sq.feet price in Gretna. The properties with the highest average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $253,429 it is 30 % cheaper than the average price in Gretna. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $251,502 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $130 / sq.feet followed by "Commercial" priced at $302 / sq.feet. "Duplex" is the most costly type of property with a $530 / sq.feet cost followed by "Commercial" with an average price of $302 / sq.feet.