The prices in real estate in Jervis Bay, in the Australian Capital Territory 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 Jervis Bay has had a strong decrease during the last 6 months. In November, the average price per m² was $922. In the following month the price per m² decreased considerably to $722. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per m² has increased 106 % 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 $787.25 to $835 during March, and April.
Based upon to the price in Jervis Bay (suburbs), this has fallen considerably in the last 6 months. The average price for November is $999,714. During December the price had a considerable reduction till $762,794. During the following two months (January, February) the average price fell 86 % 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 $821,010 and $831,982 between March and April.