The prices in real estate in Alfred Cove, 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 Alfred Cove has had a strong decrease during the last 6 months. In November, the average price per m² was $4,607. In the following month the price per m² decreased considerably to $2,266. The price for the following two months in (January, February) had a considerable decrease of 72 with regard to the prior two months. The price per m² has had a considerable deflation of 83 % 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 $2,955.5 to $2,462.5 during March, and April.
Based upon to the price in Alfred Cove (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $991,333. During December the price went through a considerable rise reaching $1,308,750. During the following two months (January, February) the average price had a considerable reduction of 54 % 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 $886,252.5 to $637,387, which means a 72 % fall.