The prices in real estate in North Salt Lake, 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 North Salt Lake has increased strongly during the last 6 months. In August, the average price per sq.feet was $190. In September this price pretty much remained the same at a value of $188 per sq.feet. The price for the following two months in (October, November) had a considerable increment of 181 %. The price per sq.feet has had a considerable increase of 209 % 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 $266 to $555 during December, and January.
Based upon to the price in North Salt Lake (cities), this has gone up considerably in the last 6 months. The average price for August is $528,484. During September the price had a slight fall till $494,456. During the following two months (October, November) the average price had a considerable increase of 151 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 174 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $625,055 they are 58 % more affordable than the average price for North Salt Lake. The properties with the lowest average price have 1 bedroom, Their price is 26 % cheaper than the average. After that we have properties with 4 bedrooms priced at $419,292.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $143 / sq.feet, with an average $183 / sq.feet price in North Salt Lake. The properties with the highest average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $625,055 it is 31 % cheaper than the average price in North Salt Lake. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $446,089 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $116 / sq.feet followed by "House" priced at $148 / sq.feet. "Townhouse" is the most costly type of property with a $196 / sq.feet cost followed by "House" with an average price of $148 / sq.feet.