Property prices for sale in Redwood (Canterbury)
The prices in real estate in Redwood, 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 Redwood has had a strong decrease during the last 6 months. In October, the average price per m² was $4,603. In the following month the price per m² increased to $4,891. The price for the following two months in (December, January) had a considerable decrease of 58 with regard to the prior two months. The price per m² has had a considerable deflation of 77 % 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 $3,749.25 to $2,904 during February, and March.
Based upon to the price in Redwood (suburbs), this has fallen considerably in the last 6 months. The price in October is $727,667, rising in November till $807,400. During the following two months (December, January) the average price had a considerable reduction of 61 % 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 $616,516.75 to $303,000, which means a 49 % fall.
