The prices in real estate in Beechworth, 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 Beechworth has increased strongly during the last 6 months. In October, the average price per m² was $703. In the following month the price per m² decreased to $632. The price for the following two months in (December, January) had a considerable increment of 145 %. The price per m² has had a considerable increase of 120 % 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 $819.25 to $984.5 during February, and March.
Based upon to the price in Beechworth (suburbs), this has gone up in the last 6 months. The average price for October is $776,206. During November the price had a slight fall till $735,811. During the following two months (December, January) the price has had an average incrementation from $756,008.5 to $835,131. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.