Property prices for sale in Lyall Bay (Wellington)

The price per m² in Lyall Bay has had a strong decrease during the last 6 months. In November, the average price per m² was $7,788. In December this price pretty much remained the same at a value of $7,445 per m². The price for the following two months in (January, February) had a considerable decrease of 64 with regard to the prior two months. The price per m² has had a considerable deflation of 79 % 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 $6,258.25 to $4,969.5 during March, and April.

Based upon to the price in Lyall Bay (suburbs), this has gone downing the last 6 months. The average price during our first sample month during November, is $707,000. During December the price went through a considerable rise reaching $840,000. During the following two months (January, February) the average price had a considerable reduction of 57 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.