The prices in real estate in Whangarei, in the Northland 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 Whangarei has fallen in the last 6 months. In September, the average price per m² was $5,072. In October this price pretty much remained the same at a value of $5,081 per m². The price for the following two months in (November, December) decreased 86 % with regard to the prior two months. The price per m² has had a considerable deflation of 82 % 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 $4,729.25 to $3,872 during January, and February.
Based upon to the price in Whangarei (suburbs), this has gone downing the last 6 months. In our first sample month during September, the average price is $750,657. In October This price remains at $731,432. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. 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 $712,227.75 and $715,825 between January and February.