The prices in real estate in Timaru, in the Canterbury 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 Timaru has increased strongly during the last 6 months. In December, the average price per m² was $9,382. In the following month the price per m² increased considerably to $29,978. The price for the following two months in (February, March) had a considerable increment of 178 %. The price per m² has had a considerable deflation of 26 % 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 $27,394.75 to $7,145.5 during April, and May.
Based upon to the price in Timaru (suburbs), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $417,357. In January This price remains at $420,088. During the following two months (February, March) the average price had a considerable increase of 149 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 6 % more costly than the average price of $451,716 in Timaru. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 6 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 676 % more costly than the average price of ($8,782 / m²) in Timaru. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 676 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Timaru we can see that most expensive property type is "House" at a price of $451,716, they are 6 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 6 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of $8,782 / m². "House" at an average price of $8,782 / m² has the most expensive price and would be directed at more affluent cities.