The prices in real estate in Greenmeadows, in the Hawkes Bay 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 Greenmeadows 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 $5,516. The price for the following two months in (January, February) had a considerable decrease of 82 with regard to the prior two months. The price per m² has had a considerable increase of 116 % 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 $2,503.75 to $2,915 during March, and April.
Based upon to the price in Greenmeadows (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 $976,667. In the following two months the average price has remained the same with regard to the previous two months from $488,333.5 to $481,666.5. During the last two months the average price has had a strong fall compared to the previous four going from $485,000 to $394,285.5, which means a 81 % fall.