The prices in real estate in La Place, 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 La Place has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $130. In December this price pretty much remained the same at a value of $132 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $119.25 to $99 during March, and April.
Based upon to the price in La Place (cities), this has fallen considerably in the last 6 months. The average price for November is $319,422. During December the price had a slight fall till $300,259. During the following two months (January, February) the average price had a considerable reduction of 72 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $266,536.75 and $279,337.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $340,278 they are 69 % more affordable than the average price for La Place. The properties with the lowest average price have 1 bedroom, Their price is 32 % cheaper than the average. After that we have properties with 3 bedrooms priced at $104,905.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $82 / sq.feet, with an average $104 / sq.feet price in La Place. The properties with the highest average prices have 2 bedrooms. They are 851 % more expensive than the average followed by properties with 1 bedroom with a price at $82 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $340,278 it is 83 % 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 $104,905 it is 46 % 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 $85 / sq.feet followed by "Townhouse" priced at $573 / sq.feet. "Land" is the most costly type of property with a $989 / sq.feet cost followed by "Townhouse" with an average price of $573 / sq.feet.