The prices in real estate in Manly, in the New South Wales 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 Manly has increased strongly during the last 6 months. In October, the average price per m² was $1,724. In November this price pretty much remained the same at a value of $1,724 per m². The price for the following two months in (December, January) had a considerable increment of 151 %. The price per m² has had a considerable increase of 120 % 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 $2,163.25 to $2,601.5 during February, and March.
Based upon to the price in Manly (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $1,184,545. In November This price remains at $1,184,545. During the following two months (December, January) the average price had a considerable increase of 176 % 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 risen strongly 128 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $1,183,360 they are 13 % more expensive than the average price for Manly. Following this ranking we find those properties with 1 at an average price of $1,336,203. The properties with the highest average price have 1 bedroom, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,333,531.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of $12,837 / m², with an average $1,722 / m² price in Manly. The properties with the highest average prices have 1 bedroom. They are 647 % more expensive than the average followed by properties with 3 bedrooms with a price at $12,837 / m².
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $1,183,360 it is 12 % more expensive than the average price in Manly. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $1,325,547 it is 13 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $12,759 / m² followed by "Apartment" priced at $12,837 / m². "Apartment" is the most costly type of property with a $12,837 / m² cost followed by "House" with an average price of $12,759 / m².