Property prices for sale in Rakaia (Canterbury)

The price per m² in Rakaia has remained the same in the last 6 months. In October, the average price per m² was $4,613. In November this price pretty much remained the same at a value of $4,630 per m². The price for the following two months in (December, January) had a considerable decrease of 85 with regard to the prior two months. The price per m² has increased 114 % 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 $4,267.25 to $4,882.5 during February, and March.

Based upon to the price in Rakaia (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $639,813. In November This price remains at $615,182. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $591,373.75 to $536,416.5 in February and March.