Property prices for sale in Hammond (Louisiana)
The prices in real estate in Hammond, 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 Hammond has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $201. In the following month the price per sq.feet increased considerably to $272. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $182 to $129 during February, and March.
Based upon to the price in Hammond (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $237,709. In November This price remains at $231,788. In the following two months the average price has remained the same with regard to the previous two months from $234,748.5 to $236,370. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $283,336 they are 59 % more affordable than the average price for Hammond. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $242,903.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $122 / sq.feet, with an average $141 / sq.feet price in Hammond. The properties with the highest average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $283,336 it is 77 % cheaper than the average price in Hammond. "Duplex" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $404,143 it is 129 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $27 / sq.feet followed by "Condo" priced at $60 / sq.feet. "Land" is the most costly type of property with a $214,467 / sq.feet cost followed by "Commercial" with an average price of $158 / sq.feet.
