The prices in real estate in Park Ridge, in the Queensland 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.
The price per m² in Park Ridge has had a strong decrease during the last 6 months. In October, the average price per m² was $504. In November this price pretty much remained the same at a value of $496 per m². The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $430.5 to $424 during February y March
Based upon to the price in Park Ridge (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $590,828. In November This price remains at $583,747. During the following two months (December, January) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $517,294.5 to $464,444 in February and March.