The prices in real estate in Picayune, 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 Picayune has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,173. In the following month the price per sq.feet increased to $1,348. The price for the following two months in (August, September) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $1,213.75 to $169.5 during October, and November.
Based upon to the price in Picayune (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $176,877. In July This price remains at $183,060. During the following two months (August, September) the average price fell 89 % 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 124 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $205,407 they are 66 % more affordable than the average price for Picayune. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 1 bedroom priced at $182,732.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,118 / sq.feet, with an average $94 / sq.feet price in Picayune. The properties with the highest average prices have 3 bedrooms. They are 1544 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,394 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $205,407 it is 65 % cheaper than the average price in Picayune. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $186,490 it is 108 % 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 $34 / sq.feet followed by "Land" priced at $499 / sq.feet. "Commercial" is the most costly type of property with a $2,786 / sq.feet cost followed by "House" with an average price of $1,855 / sq.feet.