The prices in real estate in Salem, in the Utah region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Salem has fallen in the last 6 months. In March, the average price per sq.feet was $224. In April this price pretty much remained the same at a value of $234 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $206 to $183 during July, and August.
Based upon to the price in Salem (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $512,700. During April the price went through a considerable rise reaching $656,455. During the following two months (May, June) the average price fell 93 % with regard to the previous two months. 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 $563,207.25 and $538,943.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $514,415 they are 29 % more affordable than the average price for Salem. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 1 bedroom priced at $364,117.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $81 / sq.feet, with an average $184 / sq.feet price in Salem. The properties with the lowest average prices have 1 bedroom. They are 52 % cheaper than the average followed by properties with 4 bedrooms with a price at $81 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $514,415 it is 29 % 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 $363,752 it is 21 % 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 $81 / sq.feet followed by "Townhouse" priced at $87 / sq.feet. "Townhouse" is the cheapest type of property with a $87 / sq.feet value followed by "House" with an average price of $81 / sq.feet.