The prices in real estate in West Monroe, 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 West Monroe has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,035. In the following month the price per sq.feet decreased considerably to $810. The price for the following two months in (August, September) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 13 % 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 $668.25 to $86 during October, and November.
Based upon to the price in West Monroe (cities), these have remained the same in the last 6 months. The average price for June is $237,806. During July the price had a slight fall till $216,885. During the following two months (August, September) the average price fell 92 % 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 126 % 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 $332,464 they are 63 % more affordable than the average price for West Monroe. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 1 bedroom priced at $122,136.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $350 / sq.feet, with an average $97 / sq.feet price in West Monroe. The properties with the highest average prices have 4 bedrooms. They are 2252 % more expensive than the average followed by properties with 1 bedroom with a price at $350 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $332,464 it is 64 % cheaper than the average price in West Monroe. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $120,914 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $340 / sq.feet followed by "Apartment" priced at $2,281 / sq.feet. "Apartment" is the most costly type of property with a $2,281 / sq.feet cost followed by "Condo" with an average price of $340 / sq.feet.