The prices in real estate in Riverton, in the Southland 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 Riverton has fallen in the last 6 months. In November, the average price per m² was $5,224. In December this price pretty much remained the same at a value of $5,066 per m². The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per m² has decreased 90 % 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 $4,989.75 to $4,477 during March, and April.
Based upon to the price in Riverton (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $632,174. In December This price remains at $657,040. In the following two months the average price has remained the same with regard to the previous two months from $644,607 to $675,541.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.