The prices in real estate in Prairieville, 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 Prairieville has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $733. In the following month the price per sq.feet decreased considerably to $534. The price for the following two months in (July, August) had a considerable decrease of 73 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 24 % 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 $548.75 to $132 during September, and October.
Based upon to the price in Prairieville (cities), this has gone up in the last 6 months. In our first sample month during May, the average price is $272,633. In June This price remains at $284,894. In the following two months the average price has remained the same with regard to the previous two months from $278,763.5 to $285,781. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $333,554 they are 67 % more affordable than the average price for Prairieville. 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 3 bedrooms priced at $299,016.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $89 / sq.feet, with an average $139 / sq.feet price in Prairieville. The properties with the lowest average prices have 4 bedrooms. They are 0 % cheaper than the average followed by properties with 3 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $333,554 it is 71 % cheaper than the average price in Prairieville. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $299,191 it is 3 % 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 $113 / sq.feet followed by "Condo" priced at $119 / sq.feet. "Land" is the most costly type of property with a $316 / sq.feet cost followed by "House" with an average price of $133 / sq.feet.