Property prices for sale in Wallaceville (Wellington)
The prices in real estate in Wallaceville, in the Wellington 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 Wallaceville has had a strong decrease during the last 6 months. In October, the average price per m² was $5,955. In the following month the price per m² increased to $6,405. In the following two months the price per m² has barely changed, going from $6,180 to $5,947.5 per m². The price per m² has had a considerable deflation of 50 % 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 $6,063.75 to $3,050 during February, and March.
Based upon to the price in Wallaceville (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $816,429. In November This price remains at $837,125. During the following two months (December, January) the average price had a considerable increase of 117 % 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 $895,013.5 to $481,250, which means a 54 % fall.
