The prices in real estate in Glen Eden, in the Auckland 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 Glen Eden has had a strong decrease during the last 6 months. In November, the average price per m² was $6,097. In December this price pretty much remained the same at a value of $6,024 per m². The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per m² has decreased 88 % 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 $5,381.75 to $4,727.5 during March, and April.
Based upon to the price in Glen Eden (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during November, is $466,438. During December the price went through a considerable rise reaching $548,313. In the following two months the average price has remained the same with regard to the previous two months from $507,375.5 to $501,981.5. During the last two months the average price has had a strong fall compared to the previous four going from $504,678.5 to $386,371.5, which means a 77 % fall.