Property prices for sale in Sandy Bay (Tasmania)
The prices in real estate in Sandy Bay, in the Tasmania 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 Sandy Bay has increased strongly during the last 6 months. In October, the average price per m² was $1,839. In the following month the price per m² increased to $2,113. The price for the following two months in (December, January) had a considerable increment of 169 %. The price per m² has had a considerable increase of 138 % 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 $2,662 to $3,665 during February, and March.
Based upon to the price in Sandy Bay (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $1,010,534. In November This price remains at $1,026,665. During the following two months (December, January) the average price fell 92 % 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 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,016,923 they are 63 % more affordable than the average price for Sandy Bay. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $810,379.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $1,284 / m², with an average $1,638 / m² price in Sandy Bay. The properties with the lowest average prices have 3 bedrooms. They are 0 % cheaper than the average followed by properties with 4 bedrooms with a price at $1,575 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,016,923 it is 36 % cheaper than the average price in Sandy Bay. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $716,690 it is 4 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $1,271 / m² followed by "Condo" priced at $1,298 / m². "Apartment" is the most costly type of property with a $6,134 / m² cost followed by "Condo" with an average price of $1,298 / m².
