The prices in real estate in Escalante, 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 Escalante has increased strongly during the last 6 months. In October, the average price per sq.feet was $5,164. In the following month the price per sq.feet increased considerably to $7,162. The price for the following two months in (December, January) had a considerable increment of 164 %. The price per sq.feet has increased 110 % 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 $8,126 to $8,961.5 during February, and March.
Based upon to the price in Escalante (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $439,785. In November This price remains at $437,800. During the following two months (December, January) the average price had a considerable reduction of 39 % 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 $304,018.25 to $185,187.5, which means a 61 % fall.