Property prices for sale in Caulfield (Victoria)
The prices in real estate in Caulfield, 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 Caulfield has increased strongly during the last 6 months. In October, the average price per m² was $798. In the following month the price per m² increased considerably to $953. The price for the following two months in (December, January) had a considerable increment of 130 %. The price per m² has had a considerable deflation of 69 % 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 $1,006.75 to $696 during February, and March.
Based upon to the price in Caulfield (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $477,888. During November the price went through a considerable rise reaching $621,275. During the following two months (December, January) the average price had a considerable increase of 147 % 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 $677,766.75 to $421,649.5, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $440,382 they are 66 % more affordable than the average price for Caulfield. The properties with the highest average price have 3 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 2 bedrooms priced at $427,294.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $191 / m², with an average $706 / m² price in Caulfield. The properties with the highest average prices have 3 bedrooms. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $870 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $440,382 it is 8 % cheaper than the average price in Caulfield. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $405,775 it is 50 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $650 / m² followed by "Condo" priced at $1,051 / m². "Condo" is the most costly type of property with a $1,051 / m² cost followed by "House" with an average price of $650 / m².
