The prices in real estate in North Shore, in the Auckland 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 North Shore has fallen in the last 6 months. In September, the average price per m² was $1,479. In October this price pretty much remained the same at a value of $1,500 per m². In the following two months the price per m² has barely changed, going from $1,489.5 to $1,430.5 per m². The price per m² has had a considerable deflation of 79 % 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 $1,460 to $1,160.5 during January, and February.
Based upon to the price in North Shore (suburbs), this has gone downing the last 6 months. In our first sample month during September, the average price is $1,219,286. In October This price remains at $1,195,874. In the following two months the average price has remained the same with regard to the previous two months from $1,207,580 to $1,185,553.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $1,196,566.75 to $1,055,687.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,006,125 they are 41 % more affordable than the average price for North Shore. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,224,121.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $1,402 / m², with an average $1,174 / m² price in North Shore. The properties with the highest average prices have 1 bedroom. They are 64 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,694 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,006,125 it is 2 % cheaper than the average price in North Shore. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $990,696 it is 28 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of $1,433 / m² followed by "Apartment" priced at $1,537 / m². "Apartment" is the most costly type of property with a $1,537 / m² cost followed by "House" with an average price of $1,433 / m².