Property prices for sale in Yapeen (Victoria)
The prices in real estate in Yapeen, 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 Yapeen has had a strong decrease during the last 6 months. In November, the average price per m² was $907. In the following month the price per m² decreased to $823. The price for the following two months in (January, February) had a considerable decrease of 81 with regard to the prior two months. The price per m² has had a considerable deflation of 40 % 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 $783.5 to $310.5 during March, and April.
Based upon to the price in Yapeen (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $849,165. In December This price remains at $827,897. During the following two months (January, February) the average price had a considerable reduction of 83 % 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 $766,377 to $310,379, which means a 40 % fall.
