The prices in real estate in Marlborough, in the Marlborough 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 Marlborough has increased strongly during the last 6 months. In September, the average price per m² was $3,623. In October this price pretty much remained the same at a value of $3,623 per m². In the following two months the price per m² has increased 109 %, going from $3,623 to $3,943 per m². The price per m² has had a considerable increase of 124 % 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 $3,783 to $4,699 during January, and February.
Based upon to the price in Marlborough (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $805,417. In October This price remains at $805,417. During the following two months (November, December) the average price had a considerable reduction of 84 % 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 $739,092.25 to $628,031.5, which means a 85 % fall.