The prices in real estate in Cromwell, in the Central Otago region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Cromwell has remained the same in the last 6 months. In October, the average price per m² was $6,274. In the following month the price per m² decreased to $5,772. In the following two months the price per m² has barely changed, going from $6,023 to $6,302 per m². 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 $6,162.5 to $6,357 during February y March
Based upon to the price in Cromwell (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $940,181. In November This price remains at $936,962. During the following two months (December, January) the price has had an average incrementation from $938,571.5 to $1,047,633. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.