The prices in real estate in Aranui, 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 Aranui has had a strong decrease during the last 6 months. In November, the average price per m² was $3,730. In the following month the price per m² decreased considerably to $2,639. The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $2,839.5 to $2,940.5 during March y April
Based upon to the price in Aranui (suburbs), this has gone up in the last 6 months. The average price for November is $543,571. During December the price had a slight fall till $495,500. In the following two months the average price has remained the same with regard to the previous two months from $519,535.5 to $532,657. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % during the last two months.