The prices in real estate in Midway, 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 Midway has increased strongly during the last 6 months. In October, the average price per sq.feet was $252. In November this price pretty much remained the same at a value of $263 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $257.5 to $258.5 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $258 to $360 during February, and March.
Based upon to the price in Midway (cities), this has gone up considerably in the last 6 months. The price in October is $723,619, rising in November till $807,513. During the following two months (December, January) 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 159 % 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 $1,050,569 they are 73 % more affordable than the average price for Midway. The properties with the lowest average price have 4 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $732,544.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $214 / sq.feet, with an average $345 / sq.feet price in Midway. The properties with the highest average prices have 3 bedrooms. They are 38 % more expensive than the average followed by properties with 1 bedroom with a price at $256 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,050,569 it is 37 % cheaper than the average price in Midway. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $658,117 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $233 / sq.feet followed by "Land" priced at $4,248 / sq.feet. "Land" is the most costly type of property with a $4,248 / sq.feet cost followed by "House" with an average price of $233 / sq.feet.