The prices in real estate in Durie Hill, in the Manawatu-Whanganui region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Durie Hill has fallen in the last 6 months. In October, the average price per m² was $4,203. In the following month the price per m² decreased to $3,689. In the following two months the price per m² has increased 111 %, going from $3,946 to $4,372 per m². The price per m² has had a considerable deflation of 66 % 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 $4,159 to $2,763 during February, and March.
Based upon to the price in Durie Hill (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $519,333. In November This price remains at $529,250. During the following two months (December, January) the average price had a considerable increase of 118 % 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 $571,645.75 to $303,416.5, which means a 53 % fall.