The prices in real estate in Blockhouse Bay, in the Auckland 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 Blockhouse Bay has had a strong decrease during the last 6 months. In October, the average price per m² was $4,062. In the following month the price per m² decreased considerably to . The price for the following two months in (December, January) had a considerable increment of 232 %. The price per m² has had a considerable deflation of 59 % 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 $3,374.75 to $2,000.5 during February, and March.
Based upon to the price in Blockhouse Bay (suburbs), this has fallen considerably in the last 6 months. The average price for October is $831,000. During November the price had a considerable reduction till . During the following two months (December, January) the average price had a considerable increase of 224 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $673,450 to $566,800, which means a 84 % fall.