Property prices for sale in Longwarry (Victoria)
The prices in real estate in Longwarry, 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 Longwarry has had a strong decrease during the last 6 months. In November, the average price per m² was $750. In the following month the price per m² decreased to $680. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per m² has had a considerable deflation of 54 % 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 $771.25 to $419 during March, and April.
Based upon to the price in Longwarry (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $777,947. In December This price remains at $740,889. During the following two months (January, February) the average price fell 90 % 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 $719,574.5 to $125,333.5, which means a 17 % fall.
