The prices in real estate in Vernal, in the Utah region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Vernal has increased during the last 6 months. In March, the average price per sq.feet was $118. In the following month the price per sq.feet increased to $129. In the following two months the price per sq.feet has barely changed, going from $123.5 to $124.5 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $124 to $145 during July, and August.
Based upon to the price in Vernal (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $193,670. During April the price went through a considerable rise reaching $291,471. During the following two months (May, June) the price has had an average incrementation from $242,570.5 to $259,971. Based on an analysis of the first four prices and the last two months the average price has risen strongly 142 % 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 $412,696 they are 67 % more affordable than the average price for Vernal. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $228,048.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $88 / sq.feet, with an average $151 / sq.feet price in Vernal. The properties with the lowest average prices have 3 bedrooms. They are 3 % cheaper than the average followed by properties with 1 bedroom with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $412,696 it is 89 % cheaper than the average price in Vernal. "Condo" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $219,631 it is 22 % 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 "Condo" priced at $82 / sq.feet. "Land" is the most costly type of property with a $729 / sq.feet cost followed by "Farm" with an average price of $676 / sq.feet.