The prices in real estate in Ponchatoula, 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 Ponchatoula has increased strongly during the last 6 months. In April, the average price per sq.feet was $125. In May this price pretty much remained the same at a value of $130 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 2541 %. The price per sq.feet has had a considerable deflation of 54 % 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 $1,683.5 to $903 during August, and September.
Based upon to the price in Ponchatoula (cities), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is $219,972. In May This price remains at $226,631. During the following two months (June, July) the average price had a considerable increase of 2238 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $2,610,097.5 to $1,071,683, which means a 41 % fall.