The prices in real estate in Glenavy, in the Canterbury 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 Glenavy has had a strong decrease during the last 6 months. In November, the average price per m² was $3,528. In the following month the price per m² increased considerably to $4,104. The price for the following two months in (January, February) had a considerable decrease of 50 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $2,867.5 to during March, and April.
Based upon to the price in Glenavy (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $236,000. During December the price went through a considerable rise reaching $329,250. During the following two months (January, February) the average price had a considerable reduction of 57 % 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 $222,479.25 to , which means a 0 % fall.