Property prices for sale in Parap (Northern Territory)
The prices in real estate in Parap, in the Northern Territory region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Parap has remained the same in the last 6 months. In November, the average price per m² was $2,930. In the following month the price per m² decreased to $2,713. The price for the following two months in (January, February) had a considerable increment of 150 %. The price per m² has had a considerable deflation of 54 % 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 $3,532.25 to $1,911.5 during March, and April.
Based upon to the price in Parap (suburbs), this has fallen considerably in the last 6 months. The price in November is $508,857, rising in December till $541,800. During the following two months (January, February) the average price had a considerable reduction of 75 % 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 $460,364.25 to $257,333.5, which means a 56 % fall.
