Property prices for sale in Morgan City (Louisiana)
The prices in real estate in Morgan City, 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 Morgan City has increased strongly during the last 6 months. In July, the average price per sq.feet was $49. In the following month the price per sq.feet increased considerably to $64. In the following two months the price per sq.feet has increased 114 %, going from $56.5 to $64.5 per sq.feet. The price per sq.feet has had a considerable increase of 131 % 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 $60.5 to $79.5 during November, and December.
Based upon to the price in Morgan City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $132,867. During August the price went through a considerable rise reaching $164,250. During the following two months (September, October) the average price had a considerable increase of 118 % 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 121 % during the last two months.
