The average price in the Utah region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Utah has risen considerably in the last 6 months. During August, the average price per sq.feet was $570. The following month (September) the price had a considerable deflation reaching $355 per sq.feet. The following two months (October, November) went through a considerable deflation of 61 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has increased 115 %. This has been obtained by comparing the price $371.75 for the first four months of the sample with regard to the previous 4 months and the price $426.5 per sq.feet for the last two months (December, January).
Based upon to the price in Utah(region), this has increased considerably in the last 6 months. In the first month sample for August the average price is $467,744. During September it went through a strong inflation reaching $562,949 The price in the following months (October, November) had a strong increment of 132 % going from $515,346.5 to $679,306.5. During the last two months the price has had a considerable increase of 232 % with respect to the previous four months going from $597,326.5 a $1,384,150.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 69 % more affordable than the average price in Utah followed by those with 2 with an average price of $727,399. The most costly properties have 3 bedrooms. They are 19 % more expensive than the average followed by those properties with 4 bedrooms priced at $836,014.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $253 / sq.feet being $462 / sq.feet the average value within the Utah region. The properties with the most expensive average price are those with 1 bedroom. These are 311 % more costly than the average followed by those with 3 bedrooms with a price of $1,110 / sq.feet.
The graph displaying the average price according to the property type shows "Commercial" as the cheapest one. With an average cost of $1,582,171 it is 77 % more affordable than the average in Utah. This is followed by "Office" with a price of $364,461. The dearest property type is "Land" and is 27 % more expensive than the average, followed by "House" with a cost of $1,452,044.
Based on the average cost per sq.feet the cheapest property type is "Office with a an average cost of $144 / sq.feet, followed by "Commercial" with a price of $150 / sq.feet. "Land" with an average price of $76,002 / sq.feet is the most costly type of property followed by "House" at a price of $376 / sq.feet.