The prices in real estate in Natchitoches, 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 Natchitoches has increased strongly during the last 6 months. In March, the average price per sq.feet was $121. In April this price pretty much remained the same at a value of $117 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 463 %. The price per sq.feet has had a considerable increase of 133 % 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 $335 to $444.5 during July, and August.
Based upon to the price in Natchitoches (cities), this has gone up considerably in the last 6 months. The average price for March is $332,378. During April the price had a considerable reduction till $280,961. During the following two months (May, June) the average price had a considerable increase of 250 % 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 127 % 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 $294,164 they are 54 % more affordable than the average price for Natchitoches. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $260,215.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $84 / sq.feet, with an average $122 / sq.feet price in Natchitoches. The properties with the lowest average prices have 1 bedroom. They are 1 % cheaper than the average followed by properties with 2 bedrooms with a price at $100 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $294,164 it is 72 % cheaper than the average price in Natchitoches. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $226,780 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $14 / sq.feet followed by "House" priced at $105 / sq.feet. "Condo" is the most costly type of property with a $210 / sq.feet cost followed by "House" with an average price of $105 / sq.feet.