The prices in real estate in Utopia, in the Texas region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Utopia has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $2,664. In the following month the price per sq.feet increased considerably to $3,343. The price for the following two months in (July, August) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $2,063.5 to $686.5 during September, and October.
Based upon to the price in Utopia (cities), this has fallen considerably in the last 6 months. The average price for May is $1,952,438. During June the price had a considerable reduction till $1,113,588. During the following two months (July, August) the average price had a considerable reduction of 66 % 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 $1,273,161.5 to $807,308, which means a 63 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $729,375 they are 29 % more affordable than the average price for Utopia. The properties with the highest average price have 3 bedrooms, Their price is 175 % more costly than the average. After that we have properties with 4 bedrooms priced at $931,333.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $369 / sq.feet, with an average $808 / sq.feet price in Utopia. The properties with the lowest average prices have 3 bedrooms. They are 11 % cheaper than the average followed by properties with 1 bedroom with a price at $512 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $729,375 it is 17 % cheaper than the average price in Utopia. "Ranch" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Land". At a price of $1,367,333 it is 381 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $379 / sq.feet followed by "Farm" priced at $1,076 / sq.feet. "Ranch" is the most costly type of property with a $6,914 / sq.feet cost followed by "Land" with an average price of $5,389 / sq.feet.