The prices in real estate in Dunedin, in the Otago 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 Dunedin has increased strongly during the last 6 months. In October, the average price per m² was $1,520. In the following month the price per m² decreased considerably to $1,220. The price for the following two months in (December, January) had a considerable increment of 135 %. The price per m² has had a considerable increase of 146 % 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 $1,607 to $2,346.5 during February, and March.
Based upon to the price in Dunedin (suburbs), this has gone downing the last 6 months. The average price for October is $712,021. During November the price had a slight fall till $674,344. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $673,374.75 and $685,908.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $723,067 they are 38 % more affordable than the average price for Dunedin. The properties with the highest average price have 4 bedrooms, Their price is 118 % more costly than the average. After that we have properties with 2 bedrooms priced at $907,023.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of $4,958 / m², with an average $3,104 / m² price in Dunedin. The properties with the highest average prices have 1 bedroom. They are 210 % more expensive than the average followed by properties with 2 bedrooms with a price at $8,866 / m².
With regard to the average price based upon the property in Dunedin we can see that most expensive property type is "House" at a price of $770,599, they are 7 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 7 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of $5,488 / m². "House" at an average price of $5,488 / m² has the most expensive price and would be directed at more affluent cities.