The prices in real estate in Alpine, in the Utah 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 Alpine has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $278,081. In the following month the price per sq.feet decreased considerably to $127,368. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $101,506.5 to $287 during July, and August.
Based upon to the price in Alpine (cities), this has fallen considerably in the last 6 months. The average price for March is $2,678,500. During April the price had a slight fall till $2,489,000. During the following two months (May, June) the average price fell 92 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $2,479,127.25 to $1,802,306, which means a 73 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 51 % cheaper than the average price of $928,816 in Alpine. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 51 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 55 % cheaper than the average price of ($128 / sq.feet) in Alpine. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 55 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,904,968 it is 70 % cheaper than the average price in Alpine. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "Office". At a price of $1,093,786 it is 41 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $71 / sq.feet followed by "Office" priced at $107 / sq.feet. "Commercial Property" is the cheapest type of property with a $134 / sq.feet value followed by "House" with an average price of $128 / sq.feet.