The prices in real estate in Southbridge, in the Canterbury region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Southbridge has increased during the last 6 months. In November, the average price per m² was $4,078. In the following month the price per m² increased to $4,346. In the following two months the price per m² has barely changed, going from $4,212 to $4,002.5 per m². The price per m² has increased 111 % 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 $4,107.25 to $4,562.5 during March, and April.
Based upon to the price in Southbridge (suburbs), this has gone downing the last 6 months. The price in November is $767,278, rising in December till $848,875. During the following two months (January, February) the average price fell 90 % 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 85 %, going from $768,538.25 to $655,225 in March and April.