The prices in real estate in Springville, in the Utah region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Springville has fallen in the last 6 months. In October, the average price per sq.feet was $275. In November this price pretty much remained the same at a value of $265 per sq.feet. The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $259.5 to $254.5 during February y March
Based upon to the price in Springville (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $499,757. In November This price remains at $497,202. During the following two months (December, January) the average price had a considerable increase of 130 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $735,677 they are 50 % more affordable than the average price for Springville. The properties with the highest average price have 1 bedroom, Their price is 134 % more costly than the average. After that we have properties with 4 bedrooms priced at $572,471.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $243 / sq.feet, with an average $269 / sq.feet price in Springville. The properties with the highest average prices have 1 bedroom. They are 259 % more expensive than the average followed by properties with 2 bedrooms with a price at $300 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $735,677 it is 64 % cheaper than the average price in Springville. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $406,531 it is 15 % 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 $51 / sq.feet followed by "Duplex" priced at $88 / sq.feet. "House" is the most costly type of property with a $285 / sq.feet cost followed by "Apartment" with an average price of $243 / sq.feet.