The prices in real estate in Colo Vale, in the New South Wales 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 Colo Vale has increased strongly during the last 6 months. In November, the average price per m² was $1,066. In the following month the price per m² decreased to $981. The price for the following two months in (January, February) had a considerable increment of 9067 %. The price per m² has had a considerable increase of 229 % 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 $46,911 to $107,586.5 during March, and April.
Based upon to the price in Colo Vale (suburbs), this has gone downing the last 6 months. The average price for November is $1,178,000. During December the price had a slight fall till $1,048,235. During the following two months (January, February) the price has had an average incrementation from $1,113,117.5 to $1,234,750. During the last two months the average price has had a strong fall compared to the previous four going from $1,173,933.75 to $840,000, which means a 72 % fall.