The prices in real estate in Ogden, 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 Ogden has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $128. In February this price pretty much remained the same at a value of $133 per sq.feet. The price for the following two months in (March, April) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 51 % 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 $105.25 to $53.5 during May, and June.
Based upon to the price in Ogden (cities), these have remained the same in the last 6 months. The average price during our first sample month during January, is $233,333. During February the price went through a considerable rise reaching $287,200. During the following two months (March, April) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $248,906.75 to $217,207.5 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $240,743 they are 44 % more affordable than the average price for Ogden. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at $207,080.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $120 / sq.feet, with an average $61 / sq.feet price in Ogden. The properties with the highest average prices have 1 bedroom. They are 149 % more expensive than the average followed by properties with 2 bedrooms with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $240,743 it is 19 % cheaper than the average price in Ogden. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $264,449 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial" at an average cost of $86 / sq.feet followed by "Land" priced at $112 / sq.feet. "House" is the most costly type of property with a $122 / sq.feet cost followed by "Apartment" with an average price of $113 / sq.feet.