The prices in real estate in Smithfield, 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 Smithfield has increased strongly during the last 6 months. In March, the average price per sq.feet was $139. In the following month the price per sq.feet increased considerably to $115,182. The price for the following two months in (May, June) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $29,452.25 to $20,906.5 during July, and August.
Based upon to the price in Smithfield (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $503,354. During April the price went through a considerable rise reaching $948,000. During the following two months (May, June) the average price had a considerable reduction of 69 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $612,619.75 to $472,963, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $495,988 they are 37 % more affordable than the average price for Smithfield. The properties with the lowest average price have 2 bedrooms, Their price is 35 % cheaper than the average. After that we have properties with 1 bedroom priced at $311,526.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $79 / sq.feet, with an average $217 / sq.feet price in Smithfield. The properties with the lowest average prices have 1 bedroom. They are 35 % cheaper than the average followed by properties with 2 bedrooms with a price at $79 / sq.feet.
With regard to the average price based upon the property in Smithfield we can see that the cheapest property type is "House" at a price of $320,601, they are 35 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 35 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $79 / sq.feet. "House" with an average cost of $79 / sq.feet has the lowest price and would be directed at less affluent cities.