The prices in real estate in Cranbourne, in the Victoria region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Cranbourne has increased during the last 6 months. In October, the average price per m² was $541. In November this price pretty much remained the same at a value of $535 per m². In the following two months the price per m² has increased 112 %, going from $538 to $600 per m². The price per m² has increased 114 % 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 $569 to $646.5 during February, and March.
Based upon to the price in Cranbourne (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $576,881. In November This price remains at $572,096. During the following two months (December, January) the price has had an average incrementation from $574,488.5 to $624,238. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.