The prices in real estate in Hawthorn, in the Victoria 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 Hawthorn has had a strong decrease during the last 6 months. In November, the average price per m² was $3,801. In the following month the price per m² decreased considerably to $1,042. The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per m² has had a considerable deflation of 71 % 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 $2,300.5 to $1,629 during March, and April.
Based upon to the price in Hawthorn (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $568,000. During December the price went through a considerable rise reaching $905,000. During the following two months (January, February) the average price had a considerable increase of 121 % 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 $812,634.75 to $499,375, which means a 61 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $998,750 in Hawthorn. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($3,258 / m²) in Hawthorn. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Hawthorn we can see that the cheapest property type is "Apartment" at a price of $998,750, they are 0 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Apartment with an average price of $3,258 / m². "Apartment" with an average cost of $3,258 / m² has the lowest price and would be directed at less affluent cities.