The prices in real estate in Providence, 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 Providence has increased strongly during the last 6 months. In January, the average price per sq.feet was $125. In February this price pretty much remained the same at a value of $127 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $126 to $133.5 per sq.feet. The price per sq.feet has had a considerable increase of 142 % 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 $129.75 to $184 during May, and June.
Based upon to the price in Providence (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $326,908. During February the price went through a considerable rise reaching $376,325. During the following two months (March, April) the price has had an average incrementation from $351,616.5 to $392,031.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $390,500 they are 31 % more affordable than the average price for Providence. The properties with the lowest average price have 1 bedroom, Their price is 6 % cheaper than the average. After that we have properties with 2 bedrooms priced at $271,031.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $105 / sq.feet, with an average $186 / sq.feet price in Providence. The properties with the lowest average prices have 2 bedrooms. They are 39 % cheaper than the average followed by properties with 1 bedroom with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $390,500 it is 31 % cheaper than the average price in Providence. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $271,031 it is 1 % 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 $79 / sq.feet followed by "House" priced at $114 / sq.feet. "House" is the cheapest type of property with a $114 / sq.feet value followed by "Apartment" with an average price of $79 / sq.feet.