Property prices for sale in Norwood (Tasmania)
The prices in real estate in Norwood, in the Tasmania region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Norwood has fallen in the last 6 months. In October, the average price per m² was $717. In the following month the price per m² increased to $803. The price for the following two months in (December, January) had a considerable decrease of 73 with regard to the prior two months. The price per m² has decreased 92 % 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 $658.75 to $605.5 during February, and March.
Based upon to the price in Norwood (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $585,040. In November This price remains at $586,712. During the following two months (December, January) the average price fell 89 % 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 $553,134.5 to $427,704.5, which means a 77 % fall.
