Property prices for sale in Weston (Otago)
The prices in real estate in Weston, in the Otago 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 Weston has had a strong decrease during the last 6 months. In November, the average price per m² was $4,037. In December this price pretty much remained the same at a value of $3,874 per m². In the following two months the price per m² has increased 112 %, going from $3,955.5 to $4,429.5 per m². The price per m² has had a considerable deflation of 48 % 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 $4,192.5 to $2,025.5 during March, and April.
Based upon to the price in Weston (suburbs), this has gone up in the last 6 months. The price in November is $665,857, rising in December till $762,000. During the following two months (January, February) the average price had a considerable increase of 131 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $825,589.25 to $456,000, which means a 55 % fall.
