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 November, the average price per sq.feet was $142. In the following month the price per sq.feet increased considerably to $547. The price for the following two months in (January, February) had a considerable decrease of 32 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 49 % 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 $228 to $112 during March, and April.
Based upon to the price in Lafayette (cities), this has fallen considerably in the last 6 months. The average price for November is $289,963. During December the price had a considerable reduction till $126,600. During the following two months (January, February) the average price had a considerable increase of 121 % 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 gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $250,791 they are 1 % more expensive than the average price for Lafayette. Following this ranking we find those properties with 2 at an average price of $289,673. The properties with the highest average price have 2 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at $252,949.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $111 / sq.feet, with an average $112 / sq.feet price in Lafayette. The properties with the highest average prices have 2 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $111 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $250,791 it is 60 % cheaper than the average price in Lafayette. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Detached House". At a price of $248,696 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $62 / sq.feet followed by "Detached House" priced at $109 / sq.feet. "Apartment" is the most costly type of property with a $141 / sq.feet cost followed by "Detached House" with an average price of $109 / sq.feet.