The prices in real estate in Raceland, 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 Raceland has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,701. In the following month the price per sq.feet decreased considerably to $541. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 187 % 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 $1,061 to $1,988.5 during March, and April.
Based upon to the price in Raceland (cities), this has gone up in the last 6 months. The price in November is $206,628, rising in December till $222,615. During the following two months (January, February) the price has had an average incrementation from $214,621.5 to $245,880.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $230,251 and $230,581.5 between March and April.