The prices in real estate in West Monroe, 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 West Monroe has increased strongly during the last 6 months. In February, the average price per sq.feet was $522. In the following month the price per sq.feet decreased considerably to $307. The price for the following two months in (April, May) had a considerable increment of 136 %. The price per sq.feet has had a considerable increase of 189 % 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 $488.5 to $922.5 during June, and July.
Based upon to the price in West Monroe (cities), this has gone up in the last 6 months. The average price for February is $186,262. During March the price had a slight fall till $173,794. During the following two months (April, May) the price has had an average incrementation from $180,028 to $196,299. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % 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 $216,885 they are 43 % more affordable than the average price for West Monroe. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 1 bedroom priced at $122,628.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $354 / sq.feet, with an average $810 / sq.feet price in West Monroe. The properties with the highest average prices have 4 bedrooms. They are 183 % more expensive than the average followed by properties with 1 bedroom with a price at $354 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $216,885 it is 44 % cheaper than the average price in West Monroe. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $121,402 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $344 / sq.feet followed by "Apartment" priced at $2,293 / sq.feet. "Apartment" is the most costly type of property with a $2,293 / sq.feet cost followed by "Condo" with an average price of $344 / sq.feet.