The prices in real estate in Salem, in the Utah region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Salem has increased during the last 6 months. In April, the average price per sq.feet was $143. In May this price pretty much remained the same at a value of $146 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $144.5 to $160 per sq.feet. The price per sq.feet has increased 109 % 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 $152.25 to $166 during August, and September.
Based upon to the price in Salem (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $374,072. In May This price remains at $381,681. In the following two months the average price has remained the same with regard to the previous two months from $377,876.5 to $359,125. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $428,686 they are 14 % more affordable than the average price for Salem. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 1 bedroom priced at $368,152.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $92 / sq.feet, with an average $175 / sq.feet price in Salem. The properties with the lowest average prices have 1 bedroom. They are 43 % cheaper than the average followed by properties with 4 bedrooms with a price at $92 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $428,686 it is 14 % cheaper than the average price in Salem. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $367,783 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $92 / sq.feet followed by "Townhouse" priced at $98 / sq.feet. "Townhouse" is the cheapest type of property with a $98 / sq.feet value followed by "House" with an average price of $92 / sq.feet.