The prices in real estate in Blagdon, in the Taranaki 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 Blagdon has had a strong decrease during the last 6 months. In November, the average price per m² was $4,920. In the following month the price per m² decreased considerably to . In the following two months the price per m² has increased 113 %, going from $2,460 to $2,787.5 per m². The price per m² has had a considerable increase of 200 % 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 $2,623.75 to $5,260 during March, and April.
Based upon to the price in Blagdon (suburbs), this has fallen considerably in the last 6 months. The average price for November is $669,657. During December the price had a considerable reduction till . During the following two months (January, February) the average price fell 91 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 186 % during the last two months.