The prices in real estate in Abbey, in the Western Australia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Abbey has had a strong decrease during the last 6 months. In November, the average price per m² was $1,245. In the following month the price per m² decreased to $1,105. In the following two months the price per m² has increased 110 %, going from $1,175 to $1,291.5 per m². The price per m² has had a considerable deflation of 0 % 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 $1,233.25 to during March, and April.
Based upon to the price in Abbey (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $904,667. In December This price remains at $878,250. During the following two months (January, February) the average price had a considerable reduction of 53 % 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 $682,812.5 to , which means a 0 % fall.