The prices in real estate in Addington, in the Canterbury 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 Addington has had a strong decrease during the last 6 months. In November, the average price per m² was $5,509. In the following month the price per m² decreased considerably to $3,623. The price for the following two months in (January, February) had a considerable decrease of 83 with regard to the prior two months. The price per m² has had a considerable increase of 141 % 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 $4,184.5 to $5,889.5 during March, and April.
Based upon to the price in Addington (suburbs), this has gone up in the last 6 months. The price in November is $560,333, rising in December till $598,778. During the following two months (January, February) the price has had an average incrementation from $579,555.5 to $624,139. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $601,847.25 and $586,375 between March and April.