The prices in real estate in Lincoln, 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 Lincoln has had a strong decrease during the last 6 months. In September, the average price per m² was $4,942. In October this price pretty much remained the same at a value of $4,788 per m². The price for the following two months in (November, December) decreased 88 % with regard to the prior two months. The price per m² has had a considerable deflation of 69 % 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 $4,564.25 to $3,127.5 during January, and February.
Based upon to the price in Lincoln (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $874,251. In October This price remains at $891,666. In the following two months the average price has remained the same with regard to the previous two months from $882,958.5 to $862,170.5. 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 $872,564.5 and $836,601 between January and February.