The prices in real estate in Houma, 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 Houma has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $1,547. In the following month the price per sq.feet decreased to $1,380. In the following two months the price per sq.feet has barely changed, going from $1,463.5 to $1,415 per sq.feet. The price per sq.feet has had a considerable deflation of 41 % 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 $1,439.25 to $595.5 during June, and July.
Based upon to the price in Houma (cities), these have remained the same in the last 6 months. The average price for February is $365,950. During March the price had a slight fall till $322,947. During the following two months (April, May) the average price had a considerable increase of 118 % 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 $374,819.5 to $313,336, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $213,586 they are 53 % more affordable than the average price for Houma. The properties with the highest average price have 4 bedrooms, Their price is 128 % more costly than the average. After that we have properties with 3 bedrooms priced at $295,345.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $75 / sq.feet, with an average $104 / sq.feet price in Houma. The properties with the highest average prices have 4 bedrooms. They are 1836 % more expensive than the average followed by properties with 3 bedrooms with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $213,586 it is 68 % more expensive than the average price in Houma. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $402,506 it is 91 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $1,149 / sq.feet followed by "Townhouse" priced at $1,156 / sq.feet. "Land" is the most costly type of property with a $1,255 / sq.feet cost followed by "House" with an average price of $1,252 / sq.feet.