The prices in real estate in Herriman, 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 Herriman has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $5,671. In the following month the price per sq.feet decreased considerably to $951. In the following two months the price per sq.feet has barely changed, going from $3,311 to $3,370 per sq.feet. The price per sq.feet has increased 107 % 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 $3,340.5 to $3,570.5 during July, and August.
Based upon to the price in Herriman (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $781,344. In April This price remains at $771,482. During the following two months (May, June) the average price fell 91 % 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 91 %, going from $742,253 to $672,454.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $644,182 they are 51 % more affordable than the average price for Herriman. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 2 bedrooms priced at $364,426.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $3,429 / sq.feet price in Herriman. The properties with the lowest average prices have 4 bedrooms. They are 94 % cheaper than the average followed by properties with 1 bedroom with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $644,182 it is 53 % cheaper than the average price in Herriman. "Duplex" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $465,314 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $78 / sq.feet followed by "Detached House" priced at $109 / sq.feet. "House" is the cheapest type of property with a $208 / sq.feet value followed by "Apartment" with an average price of $207 / sq.feet.