New data has shown the total value of property sales in Mowbray in the year to February 2019 fell by 61 per cent when compared to the previous year, representing the biggest decline in the state.
CoreLogic's latest total value of sales figures found that 98 sales were recorded at Mowbray to February 2019, while 106 were recorded in the previous period. The total value of these sales in the 2019 period was about $24.5 million while it was previously $63.2 million.
Jade Harling, a CoreLogic analyst, said the fact that only six less sales were recorded was worth noting.
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"[This indicates] substantially lower valued properties transacting," she said.
Real Estate Institute of Tasmania president Tony Collidge said the institute's figures for the March 2019 quarter showed there had been 14 sales in Mowbray, a 17.6 per cent reduction on sales in the previous quarter.
He said median prices were at $270,500. While prices went down 1.6 per cent on the quarter, they were up 0.6 per cent on the year.
Swansea saw a 43 per cent drop in total value of sales, falling from $11.9 million to about $6.8 million.
The outlook was sunnier for Scottsdale, with the value of sales shooting up by 114.5 per cent - from about $7.3 million to about $15.6 million. The number of sales increased to 64, up from 33 in the previous year.
"I know Scottsdale has come up on a couple of different reports as being an area which is having a turnaround," Mr Collidge said.
"It could be that prices have gotten so low that people are seeing it as a bargain as the state's property boom filters through [to the regions]."