The prices in real estate in Gisborne, in the Gisborne 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 Gisborne has increased strongly during the last 6 months. In October, the average price per m² was $1,511. In the following month the price per m² decreased considerably to $1,108. The price for the following two months in (December, January) had a considerable increment of 146 %. The price per m² has had a considerable increase of 177 % 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 $1,612.5 to $2,857.5 during February, and March.
Based upon to the price in Gisborne (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $730,583. In November This price remains at $695,333. In the following two months the average price has remained the same with regard to the previous two months from $712,958 to $690,102.5. 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 $701,530.25 to $601,760.5 in February and March.