The prices in real estate in Barrytown, in the West Coast 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 Barrytown has had a strong decrease during the last 6 months. In November, the average price per m² was $3,330. In December this price pretty much remained the same at a value of $3,330 per m². The price for the following two months in (January, February) had a considerable decrease of 74 with regard to the prior two months. The price per m² has had a considerable deflation of 81 % 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 $2,904.5 to $2,343.5 during March, and April.
Based upon to the price in Barrytown (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $782,000. In December This price remains at $782,000. During the following two months (January, February) the average price had a considerable reduction of 33 % 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 $521,333.25 to $325,666.5, which means a 62 % fall.