The prices in real estate in Ocean Grove, in the Victoria 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 Ocean Grove has increased strongly during the last 6 months. In August, the average price per m² was $809. In the following month the price per m² increased considerably to $1,075. The price for the following two months in (October, November) had a considerable increment of 135 %. The price per m² has increased 107 % 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 $1,107 to $1,182 during December, and January.
Based upon to the price in Ocean Grove (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $565,134. During September the price went through a considerable rise reaching $655,125. During the following two months (October, November) the average price had a considerable increase of 121 % 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 gone up 105 % 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 0 % cheaper than the average price of $768,973 in Ocean Grove. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($1,465 / m²) in Ocean Grove. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Ocean Grove we can see that the cheapest property type is "House" at a price of $768,973, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % 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 $1,465 / m². "House" with an average cost of $1,465 / m² has the lowest price and would be directed at less affluent cities.