The prices in real estate in Mount Martha, in the Victoria region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Mount Martha has increased during the last 6 months. In December, the average price per m² was $1,687. In January this price pretty much remained the same at a value of $1,697 per m². In the following two months the price per m² has increased 112 %, going from $1,692 to $1,889 per m². The price per m² has increased 112 % 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 $1,790.5 to $2,013.5 during April, and May.
Based upon to the price in Mount Martha (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is $1,188,159. During January the price went through a considerable rise reaching $1,571,009. During the following two months (February, March) the average price had a considerable increase of 117 % 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 130 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 27 % cheaper than the average price of $1,275,910 in Mount Martha. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 27 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 48 % cheaper than the average price of ($1,112 / m²) in Mount Martha. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 48 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Mount Martha we can see that the cheapest property type is "House" at a price of $1,275,910, they are 27 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 27 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $1,112 / m². "House" with an average cost of $1,112 / m² has the lowest price and would be directed at less affluent cities.