Property prices for sale in Cervantes (Western Australia)
The prices in real estate in Cervantes, 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 Cervantes has had a strong decrease during the last 6 months. In October, the average price per m² was $319. In the following month the price per m² increased to $335. The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per m² has had a considerable deflation of 62 % 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 $314 to $195.5 during February, and March.
Based upon to the price in Cervantes (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $378,392. In November This price remains at $382,913. In the following two months the average price has remained the same with regard to the previous two months from $380,652.5 to $375,969.5. During the last two months the average price has had a strong fall compared to the previous four going from $378,311 to $239,661.5, which means a 63 % fall.
