The prices in real estate in Westwego, 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 Westwego has increased strongly during the last 6 months. In January, the average price per sq.feet was $87. In the following month the price per sq.feet increased considerably to $106. In the following two months the price per sq.feet has barely changed, going from $96.5 to $92.5 per sq.feet. The price per sq.feet has had a considerable increase of 128 % 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 $94.5 to $120.5 during May, and June.
Based upon to the price in Westwego (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $143,558. During February the price went through a considerable rise reaching $192,967. During the following two months (March, April) 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 150 % 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 $260,500 they are 57 % more affordable than the average price for Westwego. The properties with the highest average price have 4 bedrooms, Their price is 228 % more costly than the average. After that we have properties with 1 bedroom priced at $111,423.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $42 / sq.feet, with an average $124 / sq.feet price in Westwego. The properties with the highest average prices have 4 bedrooms. They are 162 % more expensive than the average followed by properties with 1 bedroom with a price at $42 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $260,500 it is 65 % cheaper than the average price in Westwego. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $92,378 it is 228 % 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 $51 / sq.feet followed by "Apartment" priced at $325 / sq.feet. "Apartment" is the most costly type of property with a $325 / sq.feet cost followed by "Condo" with an average price of $51 / sq.feet.