Property prices for sale in Parmelia (Western Australia)
The prices in real estate in Parmelia, in the Western Australia 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 m² in Parmelia has increased strongly during the last 6 months. In October, the average price per m² was $460. In the following month the price per m² increased considerably to $576. The price for the following two months in (December, January) had a considerable increment of 154 %. The price per m² has had a considerable deflation of 61 % 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 m² of $657.5 to $402 during February, and March.
Based upon to the price in Parmelia (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $399,267. In November This price remains at $418,669. During the following two months (December, January) the average price had a considerable increase of 133 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $475,859 to $253,000, which means a 53 % fall.
