The prices in real estate in Netherby, 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 Netherby has had a strong decrease during the last 6 months. In November, the average price per m² was $3,397. In the following month the price per m² increased to $3,751. In the following two months the price per m² has increased 108 %, going from $3,574 to $3,858 per m². The price per m² has had a considerable deflation of 0 % 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 $3,716 to during March, and April.
Based upon to the price in Netherby (suburbs), this has fallen considerably in the last 6 months. The average price for November is $582,667. During December the price had a considerable reduction till $479,000. During the following two months (January, February) the price has had an average incrementation from $530,833.5 to $592,433.5. During the last two months the average price has had a strong fall compared to the previous four going from $561,633.5 to , which means a 0 % fall.