The prices in real estate in Shallow Bay, in the New South Wales 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 Shallow Bay has increased strongly during the last 6 months. In October, the average price per m² was $1,178. In November this price pretty much remained the same at a value of $1,200 per m². The price for the following two months in (December, January) had a considerable increment of 181 %. The price per m² has had a considerable increase of 151 % 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 $1,668 to $2,518 during February, and March.
Based upon to the price in Shallow Bay (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $1,338,086. In November This price remains at $1,338,836. During the following two months (December, January) the price has had an average incrementation from $1,338,461 to $1,497,170.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,417,815.75 and $1,460,725.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,274,784 they are 47 % more affordable than the average price for Shallow Bay. The properties with the highest average price have 2 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,365,621.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $1,156 / m², with an average $1,088 / m² price in Shallow Bay. The properties with the highest average prices have 2 bedrooms. They are 126 % more expensive than the average followed by properties with 1 bedroom with a price at $2,047 / m².
With regard to the average price based upon the property in Shallow Bay we can see that most expensive property type is "House" at a price of $1,278,865, they are 0 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 0 % more expensive than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $1,011 / m². "House" with an average cost of $1,011 / m² has the lowest price and would be directed at less affluent cities.