The prices in real estate in Brisbane, in the California 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 sq.feet in Brisbane has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $647. In the following month the price per sq.feet decreased considerably to $474. The price for the following two months in (September, October) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 123 % 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 sq.feet of $525.5 to $646 during November, and December.
Based upon to the price in Brisbane (cities), this has fallen considerably in the last 6 months. The average price for July is $1,361,333. During August the price had a considerable reduction till $867,847. During the following two months (September, October) the average price had a considerable reduction of 79 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,159,211 they are 16 % more affordable than the average price for Brisbane. The properties with the highest average price have 1 bedroom, Their price is 38 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,222,083.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $542 / sq.feet, with an average $638 / sq.feet price in Brisbane. The properties with the highest average prices have 1 bedroom. They are 1068 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,255 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,159,211 it is 44 % cheaper than the average price in Brisbane. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,053,863 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $421 / sq.feet followed by "House" priced at $1,247 / sq.feet. "Townhouse" is the most costly type of property with a $3,639 / sq.feet cost followed by "House" with an average price of $1,247 / sq.feet.