Property prices for sale in Cardigan (Victoria)
The prices in real estate in Cardigan, in the Victoria 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 Cardigan has had a strong decrease during the last 6 months. In November, the average price per m² was $357. In the following month the price per m² decreased to $329. The price for the following two months in (January, February) had a considerable increment of 126 %. The price per m² has had a considerable deflation of 30 % 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 $387 to $115 during March, and April.
Based upon to the price in Cardigan (suburbs), these have remained the same in the last 6 months. The price in November is $713,079, rising in December till $757,978. During the following two months (January, February) the average price had a considerable increase of 130 % 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 $847,514.25 to $368,000, which means a 43 % fall.
