Property prices for sale in Derby (Western Australia)
The prices in real estate in Derby, 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 Derby has had a strong decrease during the last 6 months. In November, the average price per m² was $341. In the following month the price per m² increased to $374. The price for the following two months in (January, February) had a considerable decrease of 69 with regard to the prior two months. The price per m² has had a considerable deflation of 42 % 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 $302.75 to $128.5 during March, and April.
Based upon to the price in Derby (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $312,542. In December This price remains at $317,082. In the following two months the average price has remained the same with regard to the previous two months from $314,812 to $313,030. During the last two months the average price has had a strong fall compared to the previous four going from $313,921 to $131,500, which means a 42 % fall.
