The prices in real estate in Hilltop, in the Central North Island 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 Hilltop has increased strongly during the last 6 months. In November, the average price per m² was $5,529. In the following month the price per m² increased considerably to $6,993. In the following two months the price per m² has increased 114 %, going from $6,261 to $7,134.5 per m². The price per m² has decreased 86 % 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 $6,697.75 to $5,786 during March, and April.
Based upon to the price in Hilltop (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $1,212,600. During December the price went through a considerable rise reaching $1,413,333. During the following two months (January, February) the average price had a considerable reduction of 73 % 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 $1,135,337.5 to $707,800, which means a 62 % fall.