The prices in real estate in Merimbula, in the New South Wales 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 Merimbula has had a strong decrease during the last 6 months. In October, the average price per m² was $216. In the following month the price per m² decreased considerably to $106. The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per m² has had a considerable increase of 156 % 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 $152 to $237.5 during February, and March.
Based upon to the price in Merimbula (suburbs), this has gone up considerably in the last 6 months. The price in October is $519,718, rising in November till $572,864. During the following two months (December, January) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $591,229.5 and $611,165.5 between February and March.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 21 % more costly than the average price of $673,948 in Merimbula. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 21 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 101 % more costly than the average price of ($600 / m²) in Merimbula. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 101 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Merimbula we can see that most expensive property type is "Apartment" at a price of $673,948, they are 21 % more costly than the average price of (!PRECIO2!). "Apartment" has the highest price. This price is 21 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "Apartment with an average price of $600 / m². "Apartment" at an average price of $600 / m² has the most expensive price and would be directed at more affluent cities.