The prices in real estate in Hyrum, 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 Hyrum has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $144. In November this price pretty much remained the same at a value of $137 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $140.5 to $149.5 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 $145 to $73 during February, and March.
Based upon to the price in Hyrum (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $284,227. In November This price remains at $278,757. During the following two months (December, January) the average price fell 90 % 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 $267,230.5 to $132,594, which means a 50 % fall.