The prices in real estate in Hamilton City, in the Waikato 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 Hamilton City has increased during the last 6 months. In October, the average price per m² was $5,096. In November this price pretty much remained the same at a value of $5,005 per m². In the following two months the price per m² has increased 110 %, going from $5,050.5 to $5,568.5 per m². The price per m² has had a considerable increase of 118 % 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 $5,309.5 to $6,239 during February, and March.
Based upon to the price in Hamilton City (suburbs), this has gone up considerably in the last 6 months. The price in October is $747,000, rising in November till $827,333. During the following two months (December, January) the average price had a considerable increase of 128 % 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 $898,395.75 to $776,500 in February and March.