The prices in real estate in Success, 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 Success has had a strong decrease during the last 6 months. In October, the average price per m² was $1,118. In the following month the price per m² increased to $1,281. The price for the following two months in (December, January) had a considerable decrease of 71 with regard to the prior two months. The price per m² has had a considerable deflation of 15 % 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 $1,027.5 to $158 during February, and March.
Based upon to the price in Success (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $326,353. In November This price remains at $342,614. During the following two months (December, January) the average price had a considerable increase of 120 % 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 $368,650.75 to $140,562.5, which means a 38 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $117,050 they are 17 % more affordable than the average price for Success. The properties with the highest average price have 2 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 1 bedroom priced at $194,000.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $70 / m², with an average $128 / m² price in Success. The properties with the highest average prices have 1 bedroom. They are 243 % more expensive than the average followed by properties with 2 bedrooms with a price at $316 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $117,050 it is 18 % cheaper than the average price in Success. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $95,541 it is 77 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $73 / m² followed by "Condo" priced at $336 / m². "Condo" is the most costly type of property with a $336 / m² cost followed by "House" with an average price of $73 / m².