The prices in real estate in Hastings, in the Hawkes Bay 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 Hastings has increased strongly during the last 6 months. In October, the average price per m² was $3,232. In the following month the price per m² decreased to $2,755. The price for the following two months in (December, January) had a considerable increment of 133 %. The price per m² has had a considerable increase of 142 % 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 $3,481.25 to $4,957.5 during February, and March.
Based upon to the price in Hastings (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $714,875. In November This price remains at $711,638. In the following two months the average price has remained the same with regard to the previous two months from $713,256.5 to $746,459.5. 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 $729,858 and $723,466.5 between February and March.