Property prices for sale in Steiglitz (Victoria)
The prices in real estate in Steiglitz, in the Victoria 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 Steiglitz has had a strong decrease during the last 6 months. In November, the average price per m² was $1,038. In the following month the price per m² decreased considerably to $721. The price for the following two months in (January, February) had a considerable decrease of 65 with regard to the prior two months. The price per m² has had a considerable deflation of 31 % 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 $725.75 to $225.5 during March, and April.
Based upon to the price in Steiglitz (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $756,750. In December This price remains at $719,083. During the following two months (January, February) the average price had a considerable reduction of 83 % 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 $676,745.25 to $246,715.5, which means a 36 % fall.
