The prices in real estate in Springlands, in the Marlborough region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Springlands has fallen in the last 6 months. In October, the average price per m² was $5,246. In the following month the price per m² decreased to $4,600. The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per m² has increased 115 % 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 $4,658 to $5,339.5 during February, and March.
Based upon to the price in Springlands (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $1,004,786. In November This price remains at $958,125. In the following two months the average price has remained the same with regard to the previous two months from $981,455.5 to $947,035.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.