The prices in real estate in Lafayette, 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 Lafayette has increased strongly during the last 6 months. In September, the average price per sq.feet was $194. In the following month the price per sq.feet decreased to $177. In the following two months the price per sq.feet has increased 109 %, going from $185.5 to $203 per sq.feet. The price per sq.feet has had a considerable increase of 151 % 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 $194.25 to $293 during January, and February.
Based upon to the price in Lafayette (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $361,817. In October This price remains at $367,182. During the following two months (November, December) the average price fell 95 % 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 $354,873.25 and $357,336 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $396,629 they are 78 % more affordable than the average price for Lafayette. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $255,820.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $115 / sq.feet, with an average $263 / sq.feet price in Lafayette. The properties with the lowest average prices have 4 bedrooms. They are 27 % cheaper than the average followed by properties with 2 bedrooms with a price at $153 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $396,629 it is 71 % cheaper than the average price in Lafayette. "Commercial" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $456,679 it is 96 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $51 / sq.feet followed by "Office" priced at $56 / sq.feet. "Land" is the most costly type of property with a $80,884 / sq.feet cost followed by "Detached House" with an average price of $231 / sq.feet.