The prices in real estate in Shannon, in the Manawatu-Whanganui region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Shannon has remained the same in the last 6 months. In September, the average price per m² was $4,808. In October this price pretty much remained the same at a value of $4,860 per m². In the following two months the price per m² has increased 105 %, going from $4,834 to $5,083.5 per m². The price per m² has decreased 92 % 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 $4,958.75 to $4,556.5 during January, and February.
Based upon to the price in Shannon (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $546,250. In October This price remains at $539,750. During the following two months (November, December) the price has had an average incrementation from $543,000 to $576,050. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $559,525 and $552,857 between January and February.