The prices in real estate in Lauderdale, in the Mississippi 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 Lauderdale has increased strongly during the last 6 months. In October, the average price per sq.feet was $188. In the following month the price per sq.feet increased considerably to $324. In the following two months the price per sq.feet has increased 113 %, going from $256 to $290.5 per sq.feet. The price per sq.feet has had a considerable deflation of 77 % 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 $273.25 to $211 during February, and March.
Based upon to the price in Lauderdale (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $265,056. During November the price went through a considerable rise reaching $329,347. During the following two months (December, January) the average price had a considerable increase of 145 % 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 113 % 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 $389,110 they are 68 % more affordable than the average price for Lauderdale. The properties with the highest average price have 4 bedrooms, Their price is 207 % more costly than the average. After that we have properties with 3 bedrooms priced at $420,060.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $131 / sq.feet, with an average $202 / sq.feet price in Lauderdale. The properties with the highest average prices have 4 bedrooms. They are 135 % more expensive than the average followed by properties with 1 bedroom with a price at $159 / sq.feet.
With regard to the average price based upon the property in Lauderdale we can see that most expensive property type is "Apartment" at a price of $425,104, they are 9 % more costly than the average price of (!PRECIO2!). "Apartment" has the highest price. This price is 9 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $175 / sq.feet. "Apartment" with an average cost of $175 / sq.feet has the lowest price and would be directed at less affluent cities.