Property prices for sale in Box Hill (Victoria)
The prices in real estate in Box Hill, 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 Box Hill has increased strongly during the last 6 months. In October, the average price per m² was $581. In November this price pretty much remained the same at a value of $585 per m². The price for the following two months in (December, January) had a considerable increment of 139 %. The price per m² has had a considerable increase of 164 % 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 $697.75 to $1,141.5 during February, and March.
Based upon to the price in Box Hill (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $301,450. In November This price remains at $306,625. During the following two months (December, January) the average price had a considerable increase of 168 % 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 237 % 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 $1,069,872 they are 63 % more affordable than the average price for Box Hill. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $973,805.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $1,125 / m², with an average $1,234 / m² price in Box Hill. The properties with the highest average prices have 1 bedroom. They are 197 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,369 / m².
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,069,872 it is 52 % cheaper than the average price in Box Hill. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $688,440 it is 5 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Condo" at an average cost of $872 / m² followed by "House" priced at $1,257 / m². "Apartment" is the most costly type of property with a $9,078 / m² cost followed by "House" with an average price of $1,257 / m².
