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 January, the average price per sq.feet was $122. The following month (February) the price increased to $139 per sq.feet. In the following two months (March, April) the price per sq.feet has risen strongly to a 161 %. In the last two months, the price per sq.feet has had a significant increase of 177 %. This has been obtained by comparing the price of $170.5 for the first four months of the sample with regard to the previous 4 months and the price of $301.5 per sq.feet for the last two months (May, June).
Based upon to the price in Louisiana(region), this has increased considerably in the last 6 months. In the first month sample for January the average price is $232,924. During February it went through a strong inflation reaching $301,229 The price in the following months (March, April) had a strong increment of 117 % going from $267,076.5 to $311,215. During the last two months the price has had a considerable increase of 124 % with respect to the previous four months going from $289,145.75 a $357,998.5.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 35 % more affordable than the average price in Louisiana followed by those with 3 with an average price of $231,660. The most costly properties have 4 bedrooms. They are 26 % more expensive than the average followed by those properties with 1 bedroom priced at $258,675.
Based on the average price per sq.feet those properties with 1 bedroom are the dearest ones with a price of $317 / sq.feet being $283 / sq.feet the average value within the Louisiana region. The properties with the most expensive average price are those with 4 bedrooms. These are 528 % more costly than the average followed by those with 3 bedrooms with a price of $817 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $316,755 it is 67 % more affordable than the average in Louisiana. This is followed by "Condo" with a price of $251,856. The dearest property type is "Commercial" and is 125 % more expensive than the average, followed by "House" with a cost of $396,337.
Based on the average cost per sq.feet the cheapest property type is "Villa with a an average cost of $152 / sq.feet, followed by "House" with a price of $179 / sq.feet. "Commercial" with an average price of $1,533 / sq.feet is the most costly type of property followed by "Land" at a price of $666 / sq.feet.