Property prices for sale in St James (Western Australia)
The prices in real estate in St James, 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 St James has had a strong decrease during the last 6 months. In October, the average price per m² was $3,272. In November this price pretty much remained the same at a value of $3,121 per m². In the following two months the price per m² has barely changed, going from $3,196.5 to $3,059 per m². The price per m² has had a considerable deflation of 47 % 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 $3,127.75 to $1,469 during February, and March.
Based upon to the price in St James (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $589,750. In November This price remains at $587,500. During the following two months (December, January) the average price had a considerable increase of 132 % 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 $683,875 to $290,928.5, which means a 43 % fall.
