Property prices for sale in Nannup (Western Australia)
The prices in real estate in Nannup, 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 Nannup has had a strong decrease during the last 6 months. In October, the average price per m² was $42,030. In the following month the price per m² decreased considerably to $25,417. The price for the following two months in (December, January) had a considerable decrease of 21 with regard to the prior two months. The price per m² has had a considerable deflation of 33 % 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 $20,403.75 to $6,729.5 during February, and March.
Based upon to the price in Nannup (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $535,889. In November This price remains at $560,222. During the following two months (December, January) the average price fell 92 % 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 $526,527.75 to $158,045.5, which means a 30 % fall.
