Property prices for sale in Spanish Fork (Utah)
The prices in real estate in Spanish Fork, 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 Spanish Fork has increased strongly during the last 6 months. In November, the average price per sq.feet was $269. In December this price pretty much remained the same at a value of $281 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 193 %. The price per sq.feet has had a considerable increase of 130 % 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 $402.5 to $524.5 during March, and April.
Based upon to the price in Spanish Fork (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $519,035. In December This price remains at $517,067. During the following two months (January, February) the price has had an average incrementation from $518,051 to $586,641. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $552,346 and $558,980.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $535,318 they are 56 % more affordable than the average price for Spanish Fork. The properties with the lowest average price have 1 bedroom, Their price is 21 % cheaper than the average. After that we have properties with 4 bedrooms priced at $388,722.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $93 / sq.feet, with an average $222 / sq.feet price in Spanish Fork. The properties with the highest average prices have 2 bedrooms. They are 120 % more expensive than the average followed by properties with 1 bedroom with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $535,318 it is 44 % cheaper than the average price in Spanish Fork. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Duplex". At a price of $505,259 it is 5 % 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 $58 / sq.feet followed by "Apartment" priced at $82 / sq.feet. "Condo" is the most costly type of property with a $3,772 / sq.feet cost followed by "Duplex" with an average price of $3,732 / sq.feet.
