Property prices for sale in Geraldton (Western Australia)
The prices in real estate in Geraldton, in the Western Australia 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 Geraldton has had a strong decrease during the last 6 months. In October, the average price per m² was $742. In the following month the price per m² decreased considerably to $530. In the following two months the price per m² has increased 107 %, going from $636 to $682.5 per m². The price per m² has had a considerable deflation of 64 % 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 $659.25 to $423 during February, and March.
Based upon to the price in Geraldton (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $377,706. In November This price remains at $366,875. During the following two months (December, January) the price has had an average incrementation from $372,290.5 to $415,323.5. During the last two months the average price has had a strong fall compared to the previous four going from $393,807 to $218,158, which means a 55 % fall.
