The prices in real estate in Saint Kilda, in the Otago 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 Kilda has increased strongly during the last 6 months. In November, the average price per m² was $4,138. In the following month the price per m² increased to $4,464. The price for the following two months in (January, February) had a considerable increment of 121 %. The price per m² has increased 112 % 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 $4,763.25 to $5,348 during March, and April.
Based upon to the price in Saint Kilda (suburbs), this has gone downing the last 6 months. The price in November is $666,000, rising in December till $732,800. During the following two months (January, February) the average price fell 86 % 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 88 %, going from $650,887.5 to $574,883.5 in March and April.