The prices in real estate in Encounter Bay, in the South Australia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Encounter Bay has remained the same in the last 6 months. In November, the average price per m² was $458. In the following month the price per m² decreased to $433. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per m² has had a considerable increase of 117 % 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 $431.75 to $504 during March, and April.
Based upon to the price in Encounter Bay (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $487,175. In December This price remains at $465,996. During the following two months (January, February) the average price had a considerable reduction of 74 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.