The prices in real estate in La Place, 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 La Place has increased strongly during the last 6 months. In April, the average price per sq.feet was $378. In the following month the price per sq.feet increased to $398. The price for the following two months in (June, July) had a considerable increment of 284 %. The price per sq.feet has had a considerable deflation of 14 % 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 $745.25 to $108 during August, and September.
Based upon to the price in La Place (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $188,403. In May This price remains at $187,439. During the following two months (June, July) the average price had a considerable reduction of 76 % 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 115 % 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 $197,473 they are 47 % more affordable than the average price for La Place. The properties with the highest average price have 1 bedroom, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $105,647.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $89 / sq.feet, with an average $110 / sq.feet price in La Place. The properties with the highest average prices have 2 bedrooms. They are 805 % more expensive than the average followed by properties with 1 bedroom with a price at $89 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $197,473 it is 70 % cheaper than the average price in La Place. "Land" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Land". At a price of $105,647 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $92 / sq.feet followed by "Townhouse" priced at $580 / sq.feet. "Land" is the most costly type of property with a $996 / sq.feet cost followed by "Townhouse" with an average price of $580 / sq.feet.