Property prices for sale in The Vines (Western Australia)
The prices in real estate in The Vines, 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 The Vines has had a strong decrease during the last 6 months. In October, the average price per m² was $1,814. In the following month the price per m² decreased to $1,586. In the following two months the price per m² has barely changed, going from $1,700 to $1,683 per m². The price per m² has had a considerable deflation of 68 % 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 $1,691.5 to $1,158.5 during February, and March.
Based upon to the price in The Vines (suburbs), this has gone downing the last 6 months. The average price for October is $855,800. During November the price had a slight fall till $801,750. During the following two months (December, January) the price has had an average incrementation from $828,775 to $878,150. During the last two months the average price has had a strong fall compared to the previous four going from $853,462.5 to $539,833.5, which means a 63 % fall.
