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 January, the average price per sq.feet was $130. In the following month the price per sq.feet increased to $148. The price for the following two months in (March, April) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 199 % 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 $150.5 to $299.5 during May, and June.
Based upon to the price in Smithfield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $275,183. During February the price went through a considerable rise reaching $323,342. During the following two months (March, April) the price has had an average incrementation from $299,262.5 to $323,596. Based on an analysis of the first four prices and the last two months the average price has risen strongly 310 % 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 $1,620,333 they are 81 % more affordable than the average price for Smithfield. The properties with the lowest average price have 2 bedrooms, Their price is 80 % cheaper than the average. After that we have properties with 1 bedroom priced at $314,349.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $91 / sq.feet, with an average $433 / sq.feet price in Smithfield. The properties with the lowest average prices have 1 bedroom. They are 65 % cheaper than the average followed by properties with 2 bedrooms with a price at $91 / 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 $324,479, they are 80 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 80 % 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 $91 / sq.feet. "House" with an average cost of $91 / sq.feet has the lowest price and would be directed at less affluent cities.