The prices in real estate in Saint Johns Hill, in the Manawatu-Whanganui 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 Saint Johns Hill has increased strongly during the last 6 months. In November, the average price per m² was $3,203. In the following month the price per m² increased considerably to $4,457. In the following two months the price per m² has increased 110 %, going from $3,830 to $4,228 per m². The price per m² has increased 105 % 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 $4,029 to $4,236.5 during March, and April.
Based upon to the price in Saint Johns Hill (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $695,500. In December This price remains at $671,857. In the following two months the average price has remained the same with regard to the previous two months from $683,678.5 to $664,757.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $674,218 to $627,659 in March and April.