The prices in real estate in Price, 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 Price has increased strongly during the last 6 months. In November, the average price per sq.feet was $195. In the following month the price per sq.feet increased considerably to $241. The price for the following two months in (January, February) had a considerable increment of 125 %. The price per sq.feet has had a considerable deflation of 78 % 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 $245 to $190 during March, and April.
Based upon to the price in Price (cities), these have remained the same in the last 6 months. The price in November is $391,540, rising in December till $415,199. In the following two months the average price has remained the same with regard to the previous two months from $403,369.5 to $384,759. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $394,064.25 to $371,792 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $365,123 they are 29 % more affordable than the average price for Price. The properties with the highest average price have 3 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 4 bedrooms priced at $302,715.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $145 / sq.feet, with an average $185 / sq.feet price in Price. The properties with the highest average prices have 1 bedroom. They are 212 % more expensive than the average followed by properties with 2 bedrooms with a price at $246 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $365,123 it is 71 % cheaper than the average price in Price. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $106,143 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $187 / sq.feet followed by "Land" priced at $46,620 / sq.feet. "Land" is the most costly type of property with a $46,620 / sq.feet cost followed by "House" with an average price of $187 / sq.feet.