The prices in real estate in Reefton, in the West Coast region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Reefton has fallen in the last 6 months. In October, the average price per m² was $3,773. In November this price pretty much remained the same at a value of $3,713 per m². The price for the following two months in (December, January) decreased 86 % 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 $3,472.25 to $3,479.5 during February y March
Based upon to the price in Reefton (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $442,364. In November This price remains at $422,077. During the following two months (December, January) the average price had a considerable increase of 116 % 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 92 %, going from $466,436.75 to $426,827 in February and March.