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 June, the average price per sq.feet was $543. In the following month the price per sq.feet decreased considerably to $192. The price for the following two months in (August, September) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 32 % 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 $303 to $95.5 during October, and November.
Based upon to the price in Natchez (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during June, is $188,090. During July the price went through a considerable rise reaching $224,379. In the following two months the average price has remained the same with regard to the previous two months from $206,234.5 to $216,430.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $227,596 they are 61 % more affordable than the average price for Natchez. The properties with the highest average price have 4 bedrooms, Their price is 72 % more costly than the average. After that we have properties with 3 bedrooms priced at $253,912.
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 $94 / sq.feet price in Natchez. The properties with the highest average prices have 4 bedrooms. They are 238 % more expensive than the average followed by properties with 3 bedrooms with a price at $108 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $227,596 it is 74 % cheaper than the average price in Natchez. "Condo" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $248,034 it is 111 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $97 / sq.feet followed by "Condo" priced at $115 / sq.feet. "Land" is the most costly type of property with a $474 / sq.feet cost followed by "Villa" with an average price of $124 / sq.feet.