Property prices for sale in Park City (Utah)
The prices in real estate in Park City, 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 Park City has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $6,097. In the following month the price per sq.feet increased considerably to $8,404. The price for the following two months in (December, January) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $5,255.75 to $2,227 during February, and March.
Based upon to the price in Park City (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $3,257,134. In November This price remains at $3,167,944. During the following two months (December, January) the price has had an average incrementation from $3,212,539 to $3,635,264. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $3,423,901.5 and $3,272,803 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,911,987 they are 75 % more affordable than the average price for Park City. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,486,953.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,081 / sq.feet, with an average $2,346 / sq.feet price in Park City. The properties with the highest average prices have 4 bedrooms. They are 186 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,239 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,911,987 it is 66 % cheaper than the average price in Park City. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $4,098,696 it is 94 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $747 / sq.feet followed by "Townhouse" priced at $1,098 / sq.feet. "Land" is the most costly type of property with a $392,244 / sq.feet cost followed by "House" with an average price of $8,011 / sq.feet.
