The prices in real estate in Edithvale, in the Victoria 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 Edithvale has had a strong decrease during the last 6 months. In October, the average price per m² was $1,024. In the following month the price per m² increased to $1,110. In the following two months the price per m² has increased 106 %, going from $1,067 to $1,135.5 per m². The price per m² has had a considerable deflation of 0 % 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 $1,101.25 to during February, and March.
Based upon to the price in Edithvale (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $727,647. During November the price went through a considerable rise reaching $861,333. During the following two months (December, January) the average price had a considerable increase of 117 % 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 $862,578.25 to , which means a 0 % fall.