The prices in real estate in Sawtell, in the New South Wales 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 Sawtell has had a strong decrease during the last 6 months. In March, the average price per m² was $1,838. In the following month the price per m² increased to $2,042. The price for the following two months in (May, June) had a considerable decrease of 47 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $1,425.25 to during July, and August.
Based upon to the price in Sawtell (suburbs), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $592,615. In April This price remains at $608,750. During the following two months (May, June) the average price had a considerable reduction of 53 % 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 $460,866.25 to , which means a 0 % fall.