Property prices for sale in Broadwood (Western Australia)
The prices in real estate in Broadwood, 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 Broadwood has had a strong decrease during the last 6 months. In November, the average price per m² was $657. In December this price pretty much remained the same at a value of $646 per m². In the following two months the price per m² has barely changed, going from $651.5 to $662 per m². The price per m² has had a considerable deflation of 48 % 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 $656.75 to $313 during March, and April.
Based upon to the price in Broadwood (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $775,857. In December This price remains at $757,909. During the following two months (January, February) the average price fell 88 % 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 $720,508.25 to $348,166.5, which means a 48 % fall.
