The prices in real estate in Natchez, in the Mississippi region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Natchez has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $234. In October this price pretty much remained the same at a value of $244 per sq.feet. The price for the following two months in (November, December) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $192.25 to $137 during January, and February.
Based upon to the price in Natchez (cities), this has gone up in the last 6 months. The average price during our first sample month during September, is $323,751. During October the price went through a considerable rise reaching $390,135. In the following two months the average price has remained the same with regard to the previous two months from $356,943 to $353,875.5. 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 $355,409.25 and $340,697.5 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 $306,503 they are 61 % more affordable than the average price for Natchez. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 1 bedroom priced at $342,633.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $70 / sq.feet, with an average $128 / sq.feet price in Natchez. The properties with the lowest average prices have 4 bedrooms. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $306,503 it is 22 % cheaper than the average price in Natchez. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Villa". At a price of $462,852 it is 182 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $85 / sq.feet followed by "House" priced at $121 / sq.feet. "Land" is the most costly type of property with a $31,843 / sq.feet cost followed by "Condo" with an average price of $585 / sq.feet.