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 March, the average price per sq.feet was $5,558. The following month (April) the price had a considerable deflation reaching $1,994 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $3,776 to $3,770 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 134 %. This has been obtained by comparing the price of $3,773 for the first four months of the sample with regard to the previous 4 months and the price of $5,054 per sq.feet for the last two months (July, August).
Based upon to the price in Utah (region), this has decreased in the last 6 months. In the first month sample for March the average price is $913,418. During April it went through a strong inflation reaching $1,105,218 In the following two months the average price didn't change much compared to the previous two going from $1,009,318 to $977,725.5. During the last two months the price has had a considerable reduction of 63 % with respect to the previous four months going from $993,521.75 a $626,978.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 38 % more affordable than the average price in Utah followed by those with 2 with an average price of $417,850. The most costly properties have 4 bedrooms. They are 22 % more expensive than the average followed by those properties with 3 bedrooms priced at $503,274.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $456 / sq.feet being $5,682 / sq.feet the average value within the Utah region. The properties with the most expensive average price are those with 4 bedrooms. These are 44 % more costly than the average followed by those with 3 bedrooms with a price of $1,697 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $563,552 it is 48 % more affordable than the average in Utah. This is followed by "Condo" with a price of $407,531. The dearest property type is "Duplex" and is 43 % more expensive than the average, followed by "House" with a cost of $739,404.
Based on the average cost per sq.feet the cheapest property type is "Duplex with a an average cost of $279 / sq.feet, followed by "Apartment" with a price of $291 / sq.feet. "House" with an average price of $9,907 / sq.feet is the most costly type of property followed by "Land" at a price of $2,604 / sq.feet.