Property prices for sale in Salt Lake City (Utah)
The prices in real estate in Salt Lake City, 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 Salt Lake City has increased strongly during the last 6 months. In October, the average price per sq.feet was $321. In November this price pretty much remained the same at a value of $324 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 126 %. The price per sq.feet has increased 107 % 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 $364.25 to $388 during February, and March.
Based upon to the price in Salt Lake City (cities), this has gone up considerably in the last 6 months. The price in October is $678,183, rising in November till $748,395. During the following two months (December, January) the average price had a considerable increase of 129 % 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 120 % 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 $1,024,545 they are 69 % more affordable than the average price for Salt Lake City. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $672,024.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $342 / sq.feet, with an average $384 / sq.feet price in Salt Lake City. The properties with the highest average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $396 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $1,024,545 it is 55 % cheaper than the average price in Salt Lake City. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $986,039 it is 67 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $181 / sq.feet followed by "Duplex" priced at $315 / sq.feet. "Land" is the most costly type of property with a $1,138,025 / sq.feet cost followed by "Condo" with an average price of $416 / sq.feet.
