The prices in real estate in Balclutha, in the Oroua County region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Balclutha has increased during the last 6 months. In November, the average price per m² was $3,218. In the following month the price per m² increased considerably to $3,798. In the following two months the price per m² has barely changed, going from $3,508 to $3,557.5 per m². The price per m² has increased 107 % 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 $3,532.75 to $3,774.5 during March, and April.
Based upon to the price in Balclutha (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $374,200. During December the price went through a considerable rise reaching $521,750. During the following two months (January, February) the price has had an average incrementation from $447,975 to $489,075. 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 $468,525 and $488,081.5 between March and April.