The prices in real estate in Flaxmere, in the Hawkes Bay 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 Flaxmere has had a strong decrease during the last 6 months. In November, the average price per m² was $4,808. In the following month the price per m² decreased considerably to . In the following two months the price per m² has barely changed, going from $2,404 to $2,348.5 per m². The price per m² has had a considerable increase of 215 % 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 $2,376.25 to $5,116.5 during March, and April.
Based upon to the price in Flaxmere (suburbs), this has fallen considerably in the last 6 months. The average price for November is $512,667. During December the price had a considerable reduction till . In the following two months the average price has remained the same with regard to the previous two months from $256,333.5 to $256,850. Based on an analysis of the first four prices and the last two months the average price has risen strongly 210 % during the last two months.