The prices in real estate in North Fremantle, in the Western Australia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in North Fremantle has increased strongly during the last 6 months. In October, the average price per m² was $815. In the following month the price per m² decreased considerably to $575. The price for the following two months in (December, January) had a considerable increment of 311 %. The price per m² has had a considerable deflation of 39 % 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 $1,427.5 to $560.5 during February, and March.
Based upon to the price in North Fremantle (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $356,070. In November This price remains at $343,270. During the following two months (December, January) the average price had a considerable increase of 205 % 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 $533,919.5 to $309,341.5, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $243,317 they are 57 % more affordable than the average price for North Fremantle. The properties with the highest average price have 4 bedrooms, Their price is 933 % more costly than the average. After that we have properties with 3 bedrooms priced at $331,583.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $301 / m², with an average $384 / m² price in North Fremantle. The properties with the highest average prices have 4 bedrooms. They are 454 % more expensive than the average followed by properties with 3 bedrooms with a price at $391 / m².
With regard to the average price based upon the property in North Fremantle we can see that most expensive property type is "House" at a price of $1,255,000, they are 416 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 416 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of $1,208 / m². "House" at an average price of $1,208 / m² has the most expensive price and would be directed at more affluent cities.