Property prices for sale in Timaru (Canterbury)

The price per m² in Timaru has increased strongly during the last 6 months. In October, the average price per m² was $2,700. In November this price pretty much remained the same at a value of $2,614 per m². The price for the following two months in (December, January) had a considerable increment of 129 %. The price per m² has increased 114 % 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 $3,046.5 to $3,488 during February, and March.

Based upon to the price in Timaru (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $602,671. In November This price remains at $591,350. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $570,691.75 to $496,129 in February and March.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $472,188 they are 44 % more affordable than the average price for Timaru. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $542,579.

With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of $2,264 / m², with an average $3,617 / m² price in Timaru. The properties with the lowest average prices have 3 bedrooms. They are 1 % cheaper than the average followed by properties with 4 bedrooms with a price at $3,336 / m².

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $472,188 it is 7 % cheaper than the average price in Timaru. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $437,030 it is 19 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "House" at an average cost of $3,363 / m² followed by "Apartment" priced at $8,485 / m². "Apartment" is the most costly type of property with a $8,485 / m² cost followed by "House" with an average price of $3,363 / m².