The prices in real estate in Tooele, 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 Tooele has increased strongly during the last 6 months. In October, the average price per sq.feet was $111. In November this price pretty much remained the same at a value of $109 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 123 % 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 $119.25 to $147 during February, and March.
Based upon to the price in Tooele (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $274,510. In November This price remains at $281,190. During the following two months (December, January) the price has had an average incrementation from $277,850 to $318,336.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $364,003 they are 35 % more affordable than the average price for Tooele. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $308,380.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $112 / sq.feet, with an average $153 / sq.feet price in Tooele. The properties with the lowest average prices have 1 bedroom. They are 4 % cheaper than the average followed by properties with 2 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $364,003 it is 64 % cheaper than the average price in Tooele. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $267,469 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $101 / sq.feet followed by "House" priced at $107 / sq.feet. "Land" is the most costly type of property with a $816 / sq.feet cost followed by "Farm" with an average price of $212 / sq.feet.