The prices in real estate in Alpine, in the Utah region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Alpine has increased strongly during the last 6 months. In October, the average price per sq.feet was $451. In the following month the price per sq.feet decreased to $410. The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 53685 % 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 $409.5 to $219,842 during February, and March.
Based upon to the price in Alpine (cities), this has fallen considerably in the last 6 months. The average price for October is $2,786,250. During November the price had a slight fall till $2,646,478. During the following two months (December, January) the average price had a considerable reduction of 72 % with regard to the previous two months. 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 $2,329,347.25 to $2,158,491.5 in February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 58 % cheaper than the average price of $900,435 in Alpine. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 58 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($97 / 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 100 % 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 $2,139,816 it is 74 % 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 $1,060,368 it is 49 % 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 $40 / sq.feet followed by "Office" priced at $76 / sq.feet. "Commercial Property" is the cheapest type of property with a $103 / sq.feet value followed by "House" with an average price of $97 / sq.feet.