The prices in real estate in Pearl River, in the Louisiana 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 Pearl River has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $5,716. In the following month the price per sq.feet decreased considerably to $141. The price for the following two months in (April, May) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $2,024.75 to $195 during June, and July.
Based upon to the price in Pearl River (cities), these have remained the same in the last 6 months. The price in February is $307,640, rising in March till $324,761. During the following two months (April, May) the average price fell 87 % 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 122 % 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 $362,587 they are 78 % more affordable than the average price for Pearl River. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $306,788.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $43 / sq.feet, with an average $190 / sq.feet price in Pearl River. The properties with the lowest average prices have 2 bedrooms. They are 50 % cheaper than the average followed by properties with 3 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $362,587 it is 47 % cheaper than the average price in Pearl River. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $193,587 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $88 / sq.feet followed by "House" priced at $95 / sq.feet. "House" is the cheapest type of property with a $95 / sq.feet value followed by "Apartment" with an average price of $88 / sq.feet.