The prices in real estate in Rotorua, in the Bay Of Plenty region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Rotorua has remained the same in the last 6 months. In September, the average price per m² was $3,652. In October this price pretty much remained the same at a value of $3,563 per m². The price for the following two months in (November, December) decreased 91 % with regard to the prior two months. The price per m² has increased 109 % 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 $3,450.75 to $3,768 during January, and February.
Based upon to the price in Rotorua (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $716,403. In October This price remains at $723,926. In the following two months the average price has remained the same with regard to the previous two months from $720,164.5 to $712,759. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $716,461.75 to $635,454.5 in January and February.