The prices in real estate in Saint George, 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 Saint George has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,512. In the following month the price per sq.feet decreased considerably to $192. The price for the following two months in (December, January) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 43 % 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 $527 to $226 during February, and March.
Based upon to the price in Saint George (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $422,914. During November the price went through a considerable rise reaching $529,114. During the following two months (December, January) the price has had an average incrementation from $476,014 to $534,180. Based on an analysis of the first four prices and the last two months the average price has risen strongly 143 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $696,532 they are 87 % more affordable than the average price for Saint George. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 3 bedrooms priced at $412,306.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $165 / sq.feet, with an average $234 / sq.feet price in Saint George. The properties with the lowest average prices have 1 bedroom. They are 8 % cheaper than the average followed by properties with 3 bedrooms with a price at $199 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $696,532 it is 63 % cheaper than the average price in Saint George. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $374,100 it is 30 % 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 $105 / sq.feet followed by "Condo" priced at $149 / sq.feet. "Land" is the most costly type of property with a $3,752 / sq.feet cost followed by "House" with an average price of $192 / sq.feet.