Property prices for sale in Metairie (Louisiana)
The prices in real estate in Metairie, 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 Metairie has increased strongly during the last 6 months. In October, the average price per sq.feet was $177. In November this price pretty much remained the same at a value of $180 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $178.5 to $200 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $189.25 to $222 during February, and March.
Based upon to the price in Metairie (cities), these have remained the same in the last 6 months. The average price for October is $459,812. During November the price had a slight fall till $428,637. During the following two months (December, January) the average price fell 91 % 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 118 % 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 $449,496 they are 77 % more affordable than the average price for Metairie. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $373,765.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $157 / sq.feet, with an average $211 / sq.feet price in Metairie. The properties with the highest average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $449,496 it is 73 % cheaper than the average price in Metairie. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $1,314,865 it is 457 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $104 / sq.feet followed by "Condo" priced at $154 / sq.feet. "Land" is the most costly type of property with a $2,101,457 / sq.feet cost followed by "Detached House" with an average price of $228 / sq.feet.
