The prices in real estate in Salt Lake City, in the Utah region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Salt Lake City has remained the same in the last 6 months. In June, the average price per sq.feet was $331. In the following month the price per sq.feet increased to $358. In the following two months the price per sq.feet has barely changed, going from $344.5 to $355.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $350 to $322.5 during October, and November.
Based upon to the price in Salt Lake City (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is $652,816. In July This price remains at $674,353. During the following two months (August, September) the price has had an average incrementation from $663,584.5 to $730,505. 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 $697,044.75 and $713,289 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $748,395 they are 58 % more affordable than the average price for Salt Lake City. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $599,831.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $318 / sq.feet, with an average $324 / sq.feet price in Salt Lake City. The properties with the highest average prices have 1 bedroom. They are 85 % more expensive than the average followed by properties with 2 bedrooms with a price at $393 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $748,395 it is 39 % cheaper than the average price in Salt Lake City. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $693,304 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $185 / sq.feet followed by "Detached House" priced at $278 / sq.feet. "Condo" is the most costly type of property with a $423 / sq.feet cost followed by "House" with an average price of $314 / sq.feet.