The prices in real estate in Provo, 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 Provo has increased strongly during the last 6 months. In January, the average price per sq.feet was $114. In the following month the price per sq.feet increased considerably to $162. The price for the following two months in (March, April) had a considerable increment of 124 %. The price per sq.feet has had a considerable increase of 120 % 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 $154.5 to $186 during May, and June.
Based upon to the price in Provo (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $268,277. During February the price went through a considerable rise reaching $441,303. During the following two months (March, April) the average price had a considerable increase of 127 % 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 153 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 35 % cheaper than the average price of $418,997 in Provo. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 35 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 10 % cheaper than the average price of ($165 / sq.feet) in Provo. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 10 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $639,760 it is 54 % cheaper than the average price in Provo. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Land". At a price of $377,384 it is 35 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $98 / sq.feet followed by "Land" priced at $149 / sq.feet. "Condo" is the cheapest type of property with a $169 / sq.feet value followed by "Apartment" with an average price of $165 / sq.feet.