The prices in real estate in Hurricane, 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 Hurricane has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,261. In the following month the price per sq.feet decreased considerably to $799. The price for the following two months in (September, October) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 21 % 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 $790 to $167 during November, and December.
Based upon to the price in Hurricane (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $307,266. In August This price remains at $314,368. During the following two months (September, October) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 171 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $678,172 they are 79 % more affordable than the average price for Hurricane. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 3 bedrooms priced at $319,890.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $172 / sq.feet price in Hurricane. The properties with the highest average prices have 4 bedrooms. They are 871 % more expensive than the average followed by properties with 3 bedrooms with a price at $749 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $678,172 it is 91 % cheaper than the average price in Hurricane. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $400,144 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $43 / sq.feet followed by "Townhouse" priced at $98 / sq.feet. "Commercial" is the most costly type of property with a $11,332 / sq.feet cost followed by "House" with an average price of $3,004 / sq.feet.