Property prices for sale in Armadale (Victoria)
The prices in real estate in Armadale, in the Victoria 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 Armadale has increased strongly during the last 6 months. In October, the average price per m² was $482. In the following month the price per m² increased considerably to $637. The price for the following two months in (December, January) had a considerable increment of 144 %. The price per m² has had a considerable increase of 398 % 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 $682 to $2,713 during February, and March.
Based upon to the price in Armadale (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $256,695. During November the price went through a considerable rise reaching $324,866. During the following two months (December, January) the average price had a considerable increase of 186 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 253 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $1,757,250 they are 81 % more affordable than the average price for Armadale. The properties with the lowest average price have 2 bedrooms, Their price is 71 % cheaper than the average. After that we have properties with 1 bedroom priced at $442,003.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $537 / m², with an average $4,750 / m² price in Armadale. The properties with the lowest average prices have 1 bedroom. They are 69 % cheaper than the average followed by properties with 2 bedrooms with a price at $1,019 / m².
With regard to the average price based upon the property in Armadale we can see that the cheapest property type is "House" at a price of $177,162, they are 90 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 90 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $236 / m². "House" with an average cost of $236 / m² has the lowest price and would be directed at less affluent cities.
