Property prices for sale in Hovea (Western Australia)

The price per m² in Hovea has had a strong decrease during the last 6 months. In November, the average price per m² was $173,497. In December this price pretty much remained the same at a value of $173,497 per m². The price for the following two months in (January, February) had a considerable decrease of 25 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $108,482 to $323 during March, and April.

Based upon to the price in Hovea (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $976,333. In December This price remains at $976,333. During the following two months (January, February) the average price had a considerable reduction of 41 % 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 $690,291.5 to $357,166.5, which means a 52 % fall.