Property prices for sale in Pakenham (Victoria)

The prices in real estate in Pakenham, in the Victoria 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.

$344,921.67
Average price last 6 months
$642.5
Price/m² last 6 months
Average price per m2

The price per m² in Pakenham has had a strong decrease during the last 6 months. In September, the average price per m² was $901. In the following month the price per m² increased to $997. The price for the following two months in (November, December) had a considerable decrease of 57 with regard to the prior two months. The price per m² has had a considerable deflation of 58 % 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 $746.5 to $434.5 during January, and February.

Average price

Based upon to the price in Pakenham (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $173,750. During October the price went through a considerable rise reaching $389,580. During the following two months (November, December) the average price had a considerable increase of 118 % 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 137 % during the last two months.

Charts data
Average price February
Average price per m² February
Number of properties used in Pakenham
Number of properties used in region Victoria
$425,900
$416
220
370,584
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value