The prices in real estate in Prairieville, 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 Prairieville has increased strongly during the last 6 months. In October, the average price per sq.feet was $145. In November this price pretty much remained the same at a value of $144 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per sq.feet has had a considerable increase of 715 % 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 $159.25 to $1,138 during February, and March.
Based upon to the price in Prairieville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $385,991. In November This price remains at $391,310. In the following two months the average price has remained the same with regard to the previous two months from $388,650.5 to $387,572. 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 $412,226 they are 74 % more affordable than the average price for Prairieville. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 3 bedrooms priced at $291,325.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $63 / sq.feet, with an average $184 / sq.feet price in Prairieville. The properties with the lowest average prices have 4 bedrooms. They are 39 % cheaper than the average followed by properties with 3 bedrooms with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $412,226 it is 77 % cheaper than the average price in Prairieville. "Detached House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $287,146 it is 23 % 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 $72 / sq.feet followed by "Detached House" priced at $88 / sq.feet. "Apartment" is the most costly type of property with a $290 / sq.feet cost followed by "House" with an average price of $107 / sq.feet.