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 March, the average price per sq.feet was $109. In April this price pretty much remained the same at a value of $114 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $111.5 to $124 per sq.feet. The price per sq.feet has had a considerable increase of 5791 % 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 $117.75 to $6,819 during July, and August.
Based upon to the price in Long Beach (cities), this has gone up considerably in the last 6 months. The price in March is $214,670, rising in April till $233,321. During the following two months (May, June) the average price had a considerable increase of 120 % 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 risen strongly 2119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $8,987,225 they are 98 % more affordable than the average price for Long Beach. The properties with the lowest average price have 2 bedrooms, Their price is 97 % cheaper than the average. After that we have properties with 1 bedroom priced at $208,988.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $86 / sq.feet, with an average $12,683 / sq.feet price in Long Beach. The properties with the lowest average prices have 2 bedrooms. They are 99 % cheaper than the average followed by properties with 1 bedroom with a price at $87 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $8,987,225 it is 98 % cheaper than the average price in Long Beach. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $168,928 it is 98 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $75 / sq.feet followed by "Apartment" priced at $86 / sq.feet. "Apartment" is the cheapest type of property with a $86 / sq.feet value followed by "Townhouse" with an average price of $75 / sq.feet.