The prices in real estate in Salem, 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 Salem has increased strongly during the last 6 months. In January, the average price per sq.feet was $132. In the following month the price per sq.feet increased considerably to $161. In the following two months the price per sq.feet has barely changed, going from $146.5 to $147.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $147 to $153 during May y June
Based upon to the price in Salem (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $313,365. During February the price went through a considerable rise reaching $375,121. During the following two months (March, April) the price has had an average incrementation from $344,243 to $386,351. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $365,297 and $383,319.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $384,958 they are 4 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $369,260.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $95 / sq.feet, with an average $160 / sq.feet price in Salem. The properties with the lowest average prices have 1 bedroom. They are 36 % cheaper than the average followed by properties with 4 bedrooms with a price at $95 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $384,958 it is 4 % cheaper than the average price in Salem. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $368,890 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $95 / sq.feet followed by "Townhouse" priced at $101 / sq.feet. "Townhouse" is the cheapest type of property with a $101 / sq.feet value followed by "House" with an average price of $95 / sq.feet.