The prices in real estate in Churton Park, in the Wellington 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 Churton Park has increased strongly during the last 6 months. In November, the average price per m² was $10,123. In the following month the price per m² increased considerably to $34,984. The price for the following two months in (January, February) had a considerable decrease of 60 with regard to the prior two months. The price per m² has had a considerable deflation of 15 % 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 $18,090.25 to $2,694.5 during March, and April.
Based upon to the price in Churton Park (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $2,501,503. During December the price went through a considerable rise reaching $7,545,674. During the following two months (January, February) the average price had a considerable reduction of 59 % 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 $3,989,577 to $605,833.5, which means a 15 % fall.