Property prices for sale in Hamurana (Bay Of Plenty)
The prices in real estate in Hamurana, in the Bay Of Plenty 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 Hamurana has had a strong decrease during the last 6 months. In November, the average price per m² was $6,447. In the following month the price per m² decreased to $5,957. The price for the following two months in (January, February) had a considerable decrease of 54 with regard to the prior two months. The price per m² has had a considerable deflation of 73 % 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 $4,766.25 to $3,500.5 during March, and April.
Based upon to the price in Hamurana (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,504,938. During December the price had a slight fall till $1,405,111. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,393,814.25 to $618,714.5, which means a 44 % fall.
