The prices in real estate in Cape Paterson, 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 Cape Paterson has increased strongly during the last 6 months. In October, the average price per m² was $628. In November this price pretty much remained the same at a value of $655 per m². The price for the following two months in (December, January) had a considerable increment of 244 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $1,104.5 to $1,064 during February y March
Based upon to the price in Cape Paterson (suburbs), these have remained the same in the last 6 months. The price in October is $797,375, rising in November till $843,000. During the following two months (December, January) the average price had a considerable increase of 125 % 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 $922,114.5 to $460,000, which means a 50 % fall.