The prices in real estate in Glenfield, 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 Glenfield has had a strong decrease during the last 6 months. In October, the average price per m² was $10,418. In November this price pretty much remained the same at a value of $10,522 per m². The price for the following two months in (December, January) had a considerable decrease of 61 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 $8,407 to $7,419.5 during February, and March.
Based upon to the price in Glenfield (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $709,000. In November This price remains at $694,250. In the following two months the average price has remained the same with regard to the previous two months from $701,625 to $687,544.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $694,584.75 and $677,208.5 between February and March.