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 January, the average price per sq.feet was $177. The following month (February) the price had a considerable increase reaching $205 per sq.feet. In the following two months (March, April) the price per sq.feet has risen strongly to a 187 %. In the last two months, the price per sq.feet has had a significant increase of 551 %. This has been obtained by comparing the price of $273.75 for the first four months of the sample with regard to the previous 4 months and the price of $1,509 per sq.feet for the last two months (May, June).
Based upon to the price in Utah(region), this has increased considerably in the last 6 months. In the first month sample for January the average price is $425,109. During February it went through a strong inflation reaching $558,056 In the following two months the average price didn't change much compared to the previous two going from $491,582.5 to $482,435.5. During the last two months the price has had a considerable increase of 130 % with respect to the previous four months going from $487,009 a $633,162.5.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 55 % more affordable than the average price in Utah followed by those with 3 with an average price of $532,514. The most costly properties have 4 bedrooms. They are 31 % more expensive than the average followed by those properties with 1 bedroom priced at $782,500.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $446 / sq.feet being $932 / sq.feet the average value within the Utah region. The properties with the most expensive average price are those with 4 bedrooms. These are 343 % more costly than the average followed by those with 1 bedroom with a price of $1,964 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $688,569 it is 67 % more affordable than the average in Utah. This is followed by "Commercial" with a price of $359,722. The dearest property type is "House" and is 20 % more expensive than the average, followed by "Condo" with a cost of $390,149.
Based on the average cost per sq.feet the cheapest property type is "Office with a an average cost of $151 / sq.feet, followed by "Commercial" with a price of $157 / sq.feet. "Land" with an average price of $1,875 / sq.feet is the most costly type of property followed by "House" at a price of $1,252 / sq.feet.