The prices in real estate in Waimakariri, in the Canterbury region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Waimakariri has increased strongly during the last 6 months. In October, the average price per m² was $889. In November this price pretty much remained the same at a value of $897 per m². The price for the following two months in (December, January) had a considerable increment of 156 %. The price per m² has had a considerable deflation of 66 % 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 $1,141 to $752.5 during February, and March.
Based upon to the price in Waimakariri (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $655,000. In November This price remains at $673,800. During the following two months (December, January) the average price had a considerable increase of 151 % 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 $832,900 to $532,250, which means a 64 % fall.