Property prices for sale in Safety Bay (Western Australia)
The prices in real estate in Safety Bay, in the Western Australia 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 Safety Bay has had a strong decrease during the last 6 months. In October, the average price per m² was $1,373. In November this price pretty much remained the same at a value of $1,427 per m². The price for the following two months in (December, January) had a considerable decrease of 28 with regard to the prior two months. The price per m² has had a considerable deflation of 20 % 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 $898 to $177 during February, and March.
Based upon to the price in Safety Bay (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,077,125. During November the price had a considerable reduction till $799,333. During the following two months (December, January) the average price had a considerable reduction of 41 % 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 $663,688 to $105,735.5, which means a 16 % fall.
