The prices in real estate in Tauranga, in the Oroua County region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Tauranga has increased during the last 6 months. In October, the average price per m² was $3,634. In the following month the price per m² decreased considerably to $3,002. In the following two months the price per m² has increased 107 %, going from $3,318 to $3,540.5 per m². The price per m² has had a considerable increase of 135 % 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 $3,429.25 to $4,633.5 during February, and March.
Based upon to the price in Tauranga (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $1,032,822. In November This price remains at $1,043,433. During the following two months (December, January) the average price fell 86 % 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 $965,593.25 to $795,197, which means a 82 % fall.