The prices in real estate in Heber City, 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 Heber City has increased strongly during the last 6 months. In January, the average price per sq.feet was $330. In the following month the price per sq.feet increased to $365. The price for the following two months in (March, April) had a considerable increment of 295 %. The price per sq.feet has had a considerable increase of 251 % 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 $685.5 to $1,723.5 during May, and June.
Based upon to the price in Heber City (cities), this has gone downing the last 6 months. The average price during our first sample month during January, is $1,027,069. During February the price went through a considerable rise reaching $1,284,004. During the following two months (March, April) the average price had a considerable reduction of 65 % 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 94 %, going from $954,180.25 to $897,153.5 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,018,329 they are 48 % more affordable than the average price for Heber City. The properties with the highest average price have 1 bedroom, Their price is 50 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,503,226.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $2,638 / sq.feet, with an average $562 / sq.feet price in Heber City. The properties with the highest average prices have 2 bedrooms. They are 1081 % more expensive than the average followed by properties with 4 bedrooms with a price at $4,159 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,018,329 it is 73 % cheaper than the average price in Heber City. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $661,375 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $306 / sq.feet followed by "Townhouse" priced at $364 / sq.feet. "Land" is the most costly type of property with a $2,384 / sq.feet cost followed by "House" with an average price of $407 / sq.feet.