The prices in real estate in Awanui, 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 Awanui has fallen in the last 6 months. In November, the average price per m² was $5,708. In the following month the price per m² increased considerably to $7,296. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per m² has had a considerable deflation of 54 % 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 $6,136.75 to $3,302 during March, and April.
Based upon to the price in Awanui (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during November, is $405,000. During December the price went through a considerable rise reaching $523,750. During the following two months (January, February) the price has had an average incrementation from $464,375 to $528,750. During the last two months the average price has had a strong fall compared to the previous four going from $496,562.5 to $228,166.5, which means a 46 % fall.