The prices in real estate in Leithfield, in the Canterbury region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Leithfield has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $3,823. The price for the following two months in (January, February) had a considerable increment of 192 %. The price per m² has decreased 87 % 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 $2,793.5 to $2,438.5 during March, and April.
Based upon to the price in Leithfield (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $804,750. During the following two months (January, February) the average price had a considerable increase of 257 % 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 $717,791.75 to $499,666.5, which means a 70 % fall.