Property prices for sale in Cardup (Western Australia)
The prices in real estate in Cardup, 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 Cardup has had a strong decrease during the last 6 months. In November, the average price per m² was $38,620. In the following month the price per m² decreased considerably to $32,261. The price for the following two months in (January, February) had a considerable decrease of 1 with regard to the prior two months. The price per m² has had a considerable deflation of 2 % 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 $17,835 to $294 during March, and April.
Based upon to the price in Cardup (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $698,000. In December This price remains at $696,167. During the following two months (January, February) the average price had a considerable reduction of 77 % 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 $616,712.25 to $498,977, which means a 81 % fall.
