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 June, the average price per sq.feet was $7,359. In the following month the price per sq.feet decreased considerably to $177. The price for the following two months in (August, September) had a considerable increment of 225 %. The price per sq.feet has had a considerable deflation of 65 % 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 $6,116.75 to $3,947.5 during October, and November.
Based upon to the price in Pearl River (cities), this has fallen considerably in the last 6 months. The average price for June is $346,900. During July the price had a considerable reduction till $270,971. During the following two months (August, September) the average price had a considerable reduction of 76 % 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 gone up 106 % 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 $292,658 they are 73 % more affordable than the average price for Pearl River. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $301,908.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $37 / sq.feet, with an average $1,778 / sq.feet price in Pearl River. The properties with the lowest average prices have 2 bedrooms. They are 96 % cheaper than the average followed by properties with 3 bedrooms with a price at $75 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $292,658 it is 35 % 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 $190,504 it is 86 % 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 $72 / sq.feet followed by "House" priced at $79 / sq.feet. "House" is the cheapest type of property with a $79 / sq.feet value followed by "Apartment" with an average price of $72 / sq.feet.