The prices in real estate in Glen Avon, in the Taranaki 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 Glen Avon has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $5,300. The price for the following two months in (January, February) decreased 93 % with regard to the prior two months. The price per m² has increased 106 % 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 $2,552.25 to $2,697 during March, and April.
Based upon to the price in Glen Avon (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $738,750. During the following two months (January, February) the price has had an average incrementation from $369,375 to $394,333.5. 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 $381,854.25 to $326,666.5 in March and April.