Property prices for sale in Russell (Northland)
The prices in real estate in Russell, in the Northland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Russell has increased strongly during the last 6 months. In November, the average price per m² was $5,546. In the following month the price per m² increased considerably to $7,247. In the following two months the price per m² has barely changed, going from $6,396.5 to $6,644.5 per m². 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 $6,520.5 to $6,309 during March y April
Based upon to the price in Russell (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,456,750. In December This price remains at $1,455,889. During the following two months (January, February) the price has had an average incrementation from $1,456,319.5 to $1,550,007. During the last two months the average price has had a strong fall compared to the previous four going from $1,503,163.25 to $810,312.5, which means a 54 % fall.
