The prices in real estate in Lancelin, in the Western Australia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Lancelin has fallen in the last 6 months. In November, the average price per m² was $485. In December this price pretty much remained the same at a value of $484 per m². In the following two months the price per m² has barely changed, going from $484.5 to $500 per m². The price per m² has had a considerable deflation of 82 % 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 $492.25 to $403.5 during March, and April.
Based upon to the price in Lancelin (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $406,219. In December This price remains at $420,844. During the following two months (January, February) the average price had a considerable increase of 116 % 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 $447,444.5 to $358,203.5, which means a 80 % fall.