The prices in real estate in Epsom, 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 Epsom has increased during the last 6 months. In November, the average price per m² was $544. In December this price pretty much remained the same at a value of $541 per m². The price for the following two months in (January, February) had a considerable increment of 141 %. The price per m² has had a considerable deflation of 70 % 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 $653.75 to $458 during March, and April.
Based upon to the price in Epsom (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $654,006. In December This price remains at $648,494. In the following two months the average price has remained the same with regard to the previous two months from $651,250 to $647,916.5. During the last two months the average price has had a strong fall compared to the previous four going from $649,583.25 to $275,416.5, which means a 42 % fall.