The prices in real estate in Medina, 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 Medina has fallen in the last 6 months. In October, the average price per m² was $404. In the following month the price per m² increased considerably to $510. In the following two months the price per m² has increased 106 %, going from $457 to $484 per m². The price per m² has had a considerable deflation of 44 % 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 $470.5 to $206 during February, and March.
Based upon to the price in Medina (suburbs), this has gone downing the last 6 months. The price in October is $312,250, rising in November till $340,571. During the following two months (December, January) the price has had an average incrementation from $326,410.5 to $369,706.5. During the last two months the average price has had a strong fall compared to the previous four going from $348,058.5 to $192,060.5, which means a 55 % fall.