The prices in real estate in Lehi, 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 Lehi has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $1,791. In the following month the price per sq.feet decreased to $1,553. The price for the following two months in (November, December) had a considerable increment of 135 %. The price per sq.feet has had a considerable deflation of 37 % 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 $1,967.75 to $734 during January, and February.
Based upon to the price in Lehi (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is $635,483. In October This price remains at $633,271. During the following two months (November, December) the price has had an average incrementation from $634,377 to $684,188. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $727,048 they are 57 % more affordable than the average price for Lehi. The properties with the lowest average price have 4 bedrooms, Their price is 33 % cheaper than the average. After that we have properties with 2 bedrooms priced at $375,170.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $457 / sq.feet price in Lehi. The properties with the lowest average prices have 2 bedrooms. They are 61 % cheaper than the average followed by properties with 1 bedroom with a price at $167 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $727,048 it is 73 % cheaper than the average price in Lehi. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Condo". At a price of $362,874 it is 48 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $89 / sq.feet followed by "Condo" priced at $159 / sq.feet. "Apartment" is the most costly type of property with a $1,354 / sq.feet cost followed by "Townhouse" with an average price of $261 / sq.feet.