The prices in real estate in Grove, in the Tasmania 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 Grove has increased strongly during the last 6 months. In October, the average price per m² was $1,209. In November this price pretty much remained the same at a value of $1,209 per m². The price for the following two months in (December, January) had a considerable decrease of 50 with regard to the prior two months. The price per m² has had a considerable increase of 9104 % 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 $906.75 to $82,553.5 during February, and March.
Based upon to the price in Grove (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,140,667. In November This price remains at $1,140,667. During the following two months (December, January) the average price had a considerable reduction of 50 % 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 $855,500.25 to $350,833.5, which means a 41 % fall.