The prices in real estate in Stony Rise, 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 Stony Rise has increased strongly during the last 6 months. In November, the average price per m² was $1,100. In the following month the price per m² decreased considerably to $616. The price for the following two months in (January, February) had a considerable increment of 1332 %. The price per m² has had a considerable deflation of 9 % 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 $6,143 to $567 during March, and April.
Based upon to the price in Stony Rise (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $624,125. In December This price remains at $651,875. In the following two months the average price has remained the same with regard to the previous two months from $638,000 to $633,119. 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 $635,559.5 and $634,000 between March and April.