The prices in real estate in Karnup, in the Western Australia 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 Karnup has had a strong decrease during the last 6 months. In October, the average price per m² was $11,807. In the following month the price per m² decreased to $10,105. The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $9,821 to $10,200 during February y March
Based upon to the price in Karnup (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $539,392. In November This price remains at $524,605. During the following two months (December, January) the average price had a considerable reduction of 85 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % during the last two months.