The prices in real estate in Midvale, in the Western Australia 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 Midvale has had a strong decrease during the last 6 months. In November, the average price per m² was $1,980. In the following month the price per m² decreased considerably to . The price for the following two months in (January, February) had a considerable increment of 206 %. The price per m² has had a considerable deflation of 61 % 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 $1,514.5 to $925.5 during March, and April.
Based upon to the price in Midvale (suburbs), this has fallen considerably in the last 6 months. The average price for November is $503,350. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable increase of 199 % 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 $376,772.25 to $266,391.5, which means a 71 % fall.