Property prices for sale in Rai Valley (Marlborough)
The prices in real estate in Rai Valley, in the Marlborough region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Rai Valley has remained the same in the last 6 months. In November, the average price per m² was $2,874. In the following month the price per m² increased considerably to $4,590. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per m² has had a considerable deflation of 73 % 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 $3,048.5 to $2,230 during March, and April.
Based upon to the price in Rai Valley (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $981,000. In December This price remains at $998,800. During the following two months (January, February) the average price had a considerable reduction of 60 % 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 $789,533.25 to $467,333.5, which means a 59 % fall.
