Property prices for sale in Palmerston (Otago)
The prices in real estate in Palmerston, in the Otago 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 Palmerston has had a strong decrease during the last 6 months. In October, the average price per m² was $5,321. In the following month the price per m² decreased considerably to $3,588. The price for the following two months in (December, January) had a considerable decrease of 66 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $3,703.5 to $3,705.5 during February y March
Based upon to the price in Palmerston (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $658,857. In November This price remains at $627,125. During the following two months (December, January) the average price had a considerable reduction of 76 % 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 risen strongly 165 % during the last two months.
