Property prices for sale in Woodend (Victoria)
The prices in real estate in Woodend, in the Victoria 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 Woodend has had a strong decrease during the last 6 months. In November, the average price per m² was $469,082. In the following month the price per m² decreased considerably to $145,390. In the following two months the price per m² has barely changed, going from $307,236 to $300,988.5 per m². The price per m² has had a considerable deflation of 16 % 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 $304,112.25 to $47,679 during March, and April.
Based upon to the price in Woodend (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,793,750. During December the price had a considerable reduction till $1,424,800. During the following two months (January, February) the average price had a considerable reduction of 73 % 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 $1,392,762.5 to $822,400, which means a 59 % fall.
