The average price in the Louisiana region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Louisiana has increased strongly in the last 6 months. During May, the average price per sq.feet was $164. In June the price pretty much stayed the same at $158 per sq.feet. In the following two months (July, August) the price per sq.feet has risen strongly to a 164 %. In the last two months, the price per sq.feet has increased 109 %. This has been obtained by comparing the price $212.5 for the first four months of the sample with regard to the previous 4 months and the price $232 per sq.feet for the last two months (September, October).
Based upon to the price in Louisiana (region), this has decreased in the last 6 months. May has an average price of $355,864. During June the price had a slight deflation till $334,555. The average price for the following two months (July, August) decreased 87 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $322,779 to $332,791.5 during September and October.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 39 % more affordable than the average price in Louisiana followed by those with 1 with an average price of $204,367. The most costly properties have 4 bedrooms. They are 21 % more expensive than the average followed by those properties with 3 bedrooms priced at $258,124.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $139 / sq.feet being $268 / sq.feet the average value within the Louisiana region. The properties with the most expensive average price are those with 1 bedroom. These are 4 % more costly than the average followed by those with 3 bedrooms with a price of $185 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $320,231 it is 50 % more affordable than the average in Louisiana. This is followed by "Condo" with a price of $280,072. The dearest property type is "Commercial" and is 35 % more expensive than the average, followed by "Detached House" with a cost of $417,449.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $119 / sq.feet, followed by "House" with a price of $157 / sq.feet. "Land" with an average price of $2,506 / sq.feet is the most costly type of property followed by "Condo" at a price of $223 / sq.feet.