The prices in real estate in Springfield, in the Bay Of Plenty region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Springfield has had a strong decrease during the last 6 months. In November, the average price per m² was $4,754. In the following month the price per m² decreased to $4,177. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. 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 $2,232.75 to $2,153 during March y April
Based upon to the price in Springfield (suburbs), this has fallen considerably in the last 6 months. The average price for November is $811,250. During December the price had a considerable reduction till $590,000. During the following two months (January, February) the average price had a considerable reduction of 0 % with regard to the previous two months. 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 $350,312.5 and $337,889 between March and April.