The prices in real estate in Ivanhoe, in the Victoria 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 Ivanhoe has increased strongly during the last 6 months. In January, the average price per m² was . In the following month the price per m² increased considerably to $3,022. In the following two months the price per m² has barely changed, going from $1,511 to $1,582 per m². The price per m² has had a considerable deflation of 83 % 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 $1,546.5 to $1,281 during May, and June.
Based upon to the price in Ivanhoe (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching $1,999,000. During the following two months (March, April) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $961,357.25 and $940,833.5 between May and June.