Property prices for sale in Knoxfield (Victoria)
The prices in real estate in Knoxfield, 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 Knoxfield has had a strong decrease during the last 6 months. In October, the average price per m² was $533. In the following month the price per m² decreased to $489. In the following two months the price per m² has increased 113 %, going from $511 to $577.5 per m². The price per m² has had a considerable deflation of 42 % 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 $544.25 to $226.5 during February, and March.
Based upon to the price in Knoxfield (suburbs), this has fallen considerably in the last 6 months. The average price for October is $513,222. During November the price had a slight fall till $465,750. During the following two months (December, January) the price has had an average incrementation from $489,486 to $540,555. During the last two months the average price has had a strong fall compared to the previous four going from $515,020.5 to $271,835.5, which means a 53 % fall.
