The prices in real estate in Luling, 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 Luling has increased strongly during the last 6 months. In January, the average price per sq.feet was $116. In the following month the price per sq.feet increased considerably to $139. The price for the following two months in (March, April) had a considerable increment of 121 %. The price per sq.feet has increased 110 % 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 $140.75 to $155 during May, and June.
Based upon to the price in Luling (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $329,600. During February the price went through a considerable rise reaching $390,750. During the following two months (March, April) the average price had a considerable increase of 123 % 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 $402,330.5 and $418,937.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $416,125 they are 52 % more affordable than the average price for Luling. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at $307,597.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $152 / sq.feet price in Luling. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $149 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $416,125 it is 49 % cheaper than the average price in Luling. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Multi Family House" followed by "House". At a price of $320,943 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $93 / sq.feet followed by "Multi Family House" priced at $97 / sq.feet. "Farm" is the most costly type of property with a $303 / sq.feet cost followed by "House" with an average price of $130 / sq.feet.