The prices in real estate in Auckland, in the Oroua County region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Auckland has had a strong decrease during the last 6 months. In October, the average price per m² was $5,577. In the following month the price per m² decreased to $4,818. In the following two months the price per m² has increased 109 %, going from $5,197.5 to $5,651.5 per m². The price per m² has had a considerable deflation of 25 % 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 $5,424.5 to $1,341.5 during February, and March.
Based upon to the price in Auckland (suburbs), these have remained the same in the last 6 months. The price in October is $816,188, rising in November till $877,688. During the following two months (December, January) the price has had an average incrementation from $846,938 to $970,200. During the last two months the average price has had a strong fall compared to the previous four going from $908,569 to $594,621, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $500,792 they are 3 % more affordable than the average price for Auckland. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 2 bedrooms priced at $717,300.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $2,701 / m², with an average $1,007 / m² price in Auckland. The properties with the highest average prices have 1 bedroom. They are 841 % more expensive than the average followed by properties with 2 bedrooms with a price at $7,933 / m².
The graph displaying the average prices displays the property type "Section" as the most affordable one. At an cost of $500,792 it is 4 % cheaper than the average price in Auckland. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $769,935 it is 58 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $995 / m² followed by "Apartment" priced at $1,270 / m². "Townhouse" is the most costly type of property with a $7,283 / m² cost followed by "Section" with an average price of $1,679 / m².