The prices in real estate in Baylys Beach, in the Oroua County 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 Baylys Beach has increased strongly during the last 6 months. In November, the average price per m² was $1,810. In the following month the price per m² increased considerably to $3,165. The price for the following two months in (January, February) had a considerable increment of 123 %. The price per m² has decreased 87 % 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 $2,776.75 to $2,419.5 during March, and April.
Based upon to the price in Baylys Beach (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $694,167. In December This price remains at $676,333. In the following two months the average price has remained the same with regard to the previous two months from $685,250 to $674,666.5. During the last two months the average price has had a strong fall compared to the previous four going from $679,958.25 to $296,500, which means a 44 % fall.