The prices in real estate in Eketahuna, in the Wairarapa region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Eketahuna has increased during the last 6 months. In October, the average price per m² was $4,565. In November this price pretty much remained the same at a value of $4,401 per m². In the following two months the price per m² has increased 106 %, going from $4,483 to $4,767.5 per m². The price per m² has had a considerable increase of 120 % 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 $4,625.25 to $5,565.5 during February, and March.
Based upon to the price in Eketahuna (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $477,125. In November This price remains at $485,250. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $458,566 to $394,000 in February and March.