The prices in real estate in Long Beach, 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 Long Beach has increased strongly during the last 6 months. In September, the average price per sq.feet was $2,393. In the following month the price per sq.feet increased considerably to $3,668. The price for the following two months in (November, December) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has increased 106 % 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 $2,730.25 to $2,903 during January, and February.
Based upon to the price in Long Beach (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $285,675. In October This price remains at $283,197. 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 $276,668.75 and $287,509 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $301,342 they are 21 % more affordable than the average price for Long Beach. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $272,727.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $276 / sq.feet, with an average $2,793 / sq.feet price in Long Beach. The properties with the lowest average prices have 4 bedrooms. They are 67 % cheaper than the average followed by properties with 1 bedroom with a price at $392 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $301,342 it is 67 % cheaper than the average price in Long Beach. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Detached House". At a price of $298,775 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $158 / sq.feet followed by "Condo" priced at $310 / sq.feet. "Land" is the most costly type of property with a $5,332 / sq.feet cost followed by "House" with an average price of $2,577 / sq.feet.