The prices in real estate in Essendon, in the Victoria region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Essendon has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (January, February) had a considerable increment of 2147483647 %. The price per m² has had a considerable deflation of 81 % 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 $4,192.25 to $3,375.5 during March, and April.
Based upon to the price in Essendon (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching . During the following two months (January, February) the average price had a considerable increase of 2147483647 % 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 479 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,175,000 they are 64 % more affordable than the average price for Essendon. The properties with the lowest average price have 2 bedrooms, Their price is 64 % cheaper than the average. After that we have properties with 1 bedroom priced at $425,102.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of $8,447 / m², with an average $3,752 / m² price in Essendon. The properties with the highest average prices have 1 bedroom. They are 126 % more expensive than the average followed by properties with 2 bedrooms with a price at $8,447 / m².
With regard to the average price based upon the property in Essendon we can see that the cheapest property type is "Apartment" at a price of $427,628, they are 64 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 64 % more affordable than the average price aforementioned.
According to the average area price by m² the most costly property type is "Apartment with an average price of $8,447 / m². "Apartment" at an average price of $8,447 / m² has the most expensive price and would be directed at more affluent cities.