Property prices for sale in Smithfield (Utah)
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 October, the average price per sq.feet was $194. In November this price pretty much remained the same at a value of $189 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $191.5 to $188 per sq.feet. The price per sq.feet has had a considerable increase of 50152 % 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 $189.75 to $95,162.5 during February, and March.
Based upon to the price in Smithfield (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $577,917. In November This price remains at $571,725. In the following two months the average price has remained the same with regard to the previous two months from $574,821 to $561,817.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $536,582 they are 47 % more affordable than the average price for Smithfield. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $527,972.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $182 / sq.feet, with an average $184 / sq.feet price in Smithfield. The properties with the highest average prices have 1 bedroom. They are 91 % more expensive than the average followed by properties with 2 bedrooms with a price at $297 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $536,582 it is 18 % cheaper than the average price in Smithfield. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $438,676 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $173 / sq.feet followed by "House" priced at $227 / sq.feet. "House" is the most costly type of property with a $227 / sq.feet cost followed by "Condo" with an average price of $173 / sq.feet.
