Property prices for sale in Adelaide (South Australia)
The prices in real estate in Adelaide, in the South 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 Adelaide has increased strongly during the last 6 months. In October, the average price per m² was $313. In the following month the price per m² increased considerably to $382. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per m² has had a considerable increase of 136 % 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 $384.75 to $524 during February, and March.
Based upon to the price in Adelaide (suburbs), this has gone up considerably in the last 6 months. The price in October is $276,438, rising in November till $305,238. During the following two months (December, January) the price has had an average incrementation from $290,838 to $316,531. Based on an analysis of the first four prices and the last two months the average price has risen strongly 145 % 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 $493,378 they are 72 % more affordable than the average price for Adelaide. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $473,883.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $396 / m², with an average $589 / m² price in Adelaide. The properties with the lowest average prices have 3 bedrooms. They are 11 % cheaper than the average followed by properties with 2 bedrooms with a price at $460 / m².
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $493,378 it is 31 % cheaper than the average price in Adelaide. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $401,149 it is 15 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $730 / m² followed by "Apartment" priced at $866 / m². "Office" is the most costly type of property with a $2,803 / m² cost followed by "Townhouse" with an average price of $2,487 / m².
