The prices in real estate in Upper Hutt, in the Wellington 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 Upper Hutt has increased strongly during the last 6 months. In October, the average price per m² was $3,505. In the following month the price per m² decreased considerably to $2,932. The price for the following two months in (December, January) had a considerable increment of 149 %. The price per m² has had a considerable increase of 161 % 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 $4,001.75 to $6,437 during February, and March.
Based upon to the price in Upper Hutt (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $812,943. In November This price remains at $792,293. During the following two months (December, January) the price has had an average incrementation from $802,618 to $901,373. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.