Property prices for sale in Longford (Tasmania)
The prices in real estate in Longford, in the Tasmania 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 Longford has had a strong decrease during the last 6 months. In October, the average price per m² was $624. In November this price pretty much remained the same at a value of $640 per m². The price for the following two months in (December, January) decreased 92 % with regard to the prior two months. The price per m² has had a considerable deflation of 60 % 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 $607 to $362.5 during February, and March.
Based upon to the price in Longford (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $487,689. In November This price remains at $487,043. In the following two months the average price has remained the same with regard to the previous two months from $487,366 to $506,094. During the last two months the average price has had a strong fall compared to the previous four going from $496,730 to $251,577, which means a 51 % fall.
