The prices in real estate in Ogden, 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 Ogden has increased strongly during the last 6 months. In November, the average price per sq.feet was $93. In the following month the price per sq.feet increased considerably to $110. The price for the following two months in (January, February) had a considerable increment of 178 %. The price per sq.feet has had a considerable increase of 134 % 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 $141 to $189.5 during March, and April.
Based upon to the price in Ogden (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $259,011. During December the price went through a considerable rise reaching $326,527. During the following two months (January, February) the average price had a considerable increase of 154 % 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 115 % 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 $467,509 they are 74 % more affordable than the average price for Ogden. The properties with the lowest average price have 4 bedrooms, Their price is 47 % cheaper than the average. After that we have properties with 3 bedrooms priced at $206,988.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $82 / sq.feet, with an average $196 / sq.feet price in Ogden. The properties with the lowest average prices have 2 bedrooms. They are 28 % cheaper than the average followed by properties with 3 bedrooms with a price at $137 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $467,509 it is 61 % cheaper than the average price in Ogden. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $261,811 it is 35 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $33 / sq.feet followed by "House" priced at $86 / sq.feet. "Condo" is the cheapest type of property with a $114 / sq.feet value followed by "Land" with an average price of $102 / sq.feet.