Property prices for sale in Geographe (Western Australia)
The prices in real estate in Geographe, in the Western Australia 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 Geographe has increased strongly during the last 6 months. In October, the average price per m² was $642. In the following month the price per m² decreased to $586. The price for the following two months in (December, January) had a considerable increment of 158 %. The price per m² has had a considerable deflation of 80 % 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 $791.75 to $631 during February, and March.
Based upon to the price in Geographe (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $628,888. In November This price remains at $607,454. During the following two months (December, January) the average price had a considerable increase of 135 % 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 $727,600 to $346,821.5, which means a 48 % fall.
