The prices in real estate in West Valley City, 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 West Valley City has increased strongly during the last 6 months. In October, the average price per sq.feet was $163. In the following month the price per sq.feet increased considerably to $1,241. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $679.5 to $543.5 during February, and March.
Based upon to the price in West Valley City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $327,124. During November the price went through a considerable rise reaching $1,563,524. During the following two months (December, January) the average price fell 88 % 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 $890,335 to $743,837, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $417,771 they are 36 % more affordable than the average price for West Valley City. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $336,705.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $149 / sq.feet, with an average $221 / sq.feet price in West Valley City. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $417,771 it is 58 % cheaper than the average price in West Valley City. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $287,167 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $106 / sq.feet followed by "House" priced at $121 / sq.feet. "Apartment" is the cheapest type of property with a $180 / sq.feet value followed by "Condo" with an average price of $124 / sq.feet.