The average price in the Utah 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 Utah has increased strongly in the last 6 months. During November, the average price per sq.feet was $1,204. The following month (December) the price had a considerable increase reaching $3,748 per sq.feet. In the following two months (January, February) the price per sq.feet has risen strongly to a 147 %. In the last two months, the price per sq.feet has had a significant increase of 124 %. This has been obtained by comparing the price of $3,051.75 for the first four months of the sample with regard to the previous 4 months and the price of $3,776 per sq.feet for the last two months (March, April).
Based upon to the price in Utah(region), this has increased considerably in the last 6 months. In the first month sample for November the average price is $725,485. During December it went through a strong inflation reaching $958,980 The price in the following months (January, February) had a strong increment of 121 % going from $842,232.5 to $1,023,164. During the last two months the price has risen 108 % compared to the previous average values going from $932,698.25 a $1,009,318 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 56 % more affordable than the average price in Utah followed by those with 2 with an average price of $748,812. The most costly properties have 4 bedrooms. They are 33 % more expensive than the average followed by those properties with 3 bedrooms priced at $821,215.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $629 / sq.feet being $1,994 / sq.feet the average value within the Utah region. The properties with the most expensive average price are those with 4 bedrooms. These are 78 % more costly than the average followed by those with 3 bedrooms with a price of $737 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $1,105,218 it is 57 % more affordable than the average in Utah. This is followed by "Apartment" with a price of $572,221. The dearest property type is "Condo" and is 59 % more expensive than the average, followed by "House" with a cost of $1,134,507.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $230 / sq.feet, followed by "Duplex" with a price of $283 / sq.feet. "Land" with an average price of $5,041 / sq.feet is the most costly type of property followed by "House" at a price of $1,314 / sq.feet.