The prices in real estate in Lake Charles, in the Louisiana region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Lake Charles has fallen in the last 6 months. In August, the average price per sq.feet was $91. In September this price pretty much remained the same at a value of $90 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $90.5 to $87 per sq.feet. The price per sq.feet has decreased 92 % 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 $88.75 to $81.5 during December, and January.
Based upon to the price in Lake Charles (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is $228,002. In September This price remains at $228,664. During the following two months (October, November) the price has had an average incrementation from $228,333 to $242,349.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $258,281 they are 73 % more affordable than the average price for Lake Charles. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $229,032.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $71 / sq.feet, with an average $86 / sq.feet price in Lake Charles. The properties with the highest average prices have 4 bedrooms. They are 29 % more expensive than the average followed by properties with 1 bedroom with a price at $107 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $258,281 it is 52 % cheaper than the average price in Lake Charles. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $236,626 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $13 / sq.feet followed by "Condo" priced at $92 / sq.feet. "Detached House" is the most costly type of property with a $792 / sq.feet cost followed by "House" with an average price of $107 / sq.feet.