The prices in real estate in Fairlie, in the Canterbury 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 Fairlie has increased during the last 6 months. In November, the average price per m² was $2,777. In the following month the price per m² decreased to $2,471. In the following two months the price per m² has increased 115 %, going from $2,624 to $3,017 per m². The price per m² has had a considerable increase of 122 % 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 $2,820.5 to $3,450 during March, and April.
Based upon to the price in Fairlie (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during November, is $559,111. During December the price went through a considerable rise reaching $678,125. In the following two months the average price has remained the same with regard to the previous two months from $618,618 to $616,125. During the last two months the average price has had a strong fall compared to the previous four going from $617,371.5 to $511,514, which means a 83 % fall.