Property prices for sale in Madora Bay (Western Australia)
The prices in real estate in Madora Bay, in the Western Australia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Madora Bay has increased strongly during the last 6 months. In October, the average price per m² was $700. In the following month the price per m² increased to $784. The price for the following two months in (December, January) had a considerable increment of 150 %. The price per m² has had a considerable increase of 173 % 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 $929.25 to $1,605 during February, and March.
Based upon to the price in Madora Bay (suburbs), this has gone up in the last 6 months. The price in October is $563,038, rising in November till $591,623. During the following two months (December, January) the average price had a considerable increase of 116 % 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 gone up 105 % during the last two months.
