The prices in real estate in Youngsville, 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 Youngsville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,613. In the following month the price per sq.feet decreased considerably to $266. The price for the following two months in (December, January) had a considerable decrease of 28 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 31 % 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 $920.75 to $282.5 during February, and March.
Based upon to the price in Youngsville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $342,936. In November This price remains at $339,339. In the following two months the average price has remained the same with regard to the previous two months from $341,137.5 to $341,656. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $341,396.75 to $316,554 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $305,793 they are 28 % more affordable than the average price for Youngsville. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $307,593.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $275 / sq.feet price in Youngsville. The properties with the lowest average prices have 1 bedroom. They are 1 % cheaper than the average followed by properties with 2 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $305,793 it is 10 % cheaper than the average price in Youngsville. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $331,490 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $180 / sq.feet followed by "Detached House" priced at $191 / sq.feet. "Land" is the most costly type of property with a $73,576 / sq.feet cost followed by "Condo" with an average price of $243 / sq.feet.