Property prices for sale in Summerhill (Tasmania)
The prices in real estate in Summerhill, in the Tasmania 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 Summerhill has had a strong decrease during the last 6 months. In October, the average price per m² was $740. In the following month the price per m² decreased considerably to $604. The price for the following two months in (December, January) had a considerable increment of 124 %. The price per m² has had a considerable deflation of 55 % 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 $753.5 to $411 during February, and March.
Based upon to the price in Summerhill (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during October, is $497,625. During November the price went through a considerable rise reaching $582,571. During the following two months (December, January) the average price had a considerable increase of 119 % 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 $590,071.5 to $292,875, which means a 50 % fall.
