Property prices for sale in Swanbourne (Western Australia)
The prices in real estate in Swanbourne, 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 Swanbourne has had a strong decrease during the last 6 months. In October, the average price per m² was $1,904. In the following month the price per m² decreased considerably to $1,592. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per m² has had a considerable deflation of 45 % 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 $1,349 to $613.5 during February, and March.
Based upon to the price in Swanbourne (suburbs), this has fallen considerably in the last 6 months. The average price for October is $768,400. During November the price had a considerable reduction till $598,222. During the following two months (December, January) the average price had a considerable reduction of 71 % 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 $583,433.25 to $453,333.5, which means a 78 % fall.
