Property prices for sale in Central Otago (Central Otago)
The prices in real estate in Central Otago, in the Central Otago 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 Central Otago has had a strong decrease during the last 6 months. In October, the average price per m² was $5,916. In the following month the price per m² increased to $6,415. The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $5,840 to during February, and March.
Based upon to the price in Central Otago (suburbs), this has fallen considerably in the last 6 months. The price in October is $1,108,856, rising in November till $1,205,300. 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 had a strong fall compared to the previous four going from $1,103,313 to , which means a 0 % fall.
