The prices in real estate in Twizel, in the Canterbury 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 Twizel has had a strong decrease during the last 6 months. In November, the average price per m² was $6,690. In the following month the price per m² decreased to $6,057. The price for the following two months in (January, February) had a considerable decrease of 79 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 $5,709 to $5,560.5 during March y April
Based upon to the price in Twizel (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $758,688. In December This price remains at $742,900. In the following two months the average price has remained the same with regard to the previous two months from $750,794 to $750,543. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.