The average price in the Utah region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Utah has increased strongly in the last 6 months. During April, the average price per sq.feet was $442. The following month (May) the price had a considerable increase reaching $2,086 per sq.feet. The following two months (June, July) went through a considerable deflation of 46 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 50 %. This has been obtained by comparing the price of $923.5 for the first four months of the sample with regard to the previous 4 months and the price of $462.5 per sq.feet for the last two months (August, September).
Based upon to the price in Utah(region), this has increased considerably in the last 6 months. In the first month sample for April the average price is $481,868. During May it went through a strong inflation reaching $577,756 The average price for the following two months (June, July) increased from $529,812 to $586,854. During the last two months the price has reduced 92 % compared to the previous average values going from $558,333 a $515,346.5 in August and September.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 52 % more affordable than the average price in Utah followed by those with 2 with an average price of $325,356. The most costly properties have 4 bedrooms. They are 11 % more expensive than the average followed by those properties with 3 bedrooms priced at $434,463.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $177 / sq.feet being $355 / sq.feet the average value within the Utah region. The properties with the most expensive average price are those with 4 bedrooms. These are 252 % more costly than the average followed by those with 1 bedroom with a price of $356 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $562,949 it is 76 % more affordable than the average in Utah. This is followed by "Condo" with a price of $342,076. The dearest property type is "House" and is 8 % more expensive than the average, followed by "Townhouse" with a cost of $425,325.
Based on the average cost per sq.feet the cheapest property type is "Office with a an average cost of $148 / sq.feet, followed by "Commercial" with a price of $154 / sq.feet. "Land" with an average price of $1,341 / sq.feet is the most costly type of property followed by "Townhouse" at a price of $288 / sq.feet.