The prices in real estate in Inner Kaiti, in the Gisborne 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 Inner Kaiti has had a strong decrease during the last 6 months. In November, the average price per m² was $5,154. In the following month the price per m² increased considerably to $6,271. The price for the following two months in (January, February) had a considerable decrease of 52 with regard to the prior two months. The price per m² has increased 110 % 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 $4,351.25 to $4,779.5 during March, and April.
Based upon to the price in Inner Kaiti (suburbs), this has fallen considerably in the last 6 months. The average price for November is $685,571. During December the price had a considerable reduction till $559,750. During the following two months (January, February) the average price had a considerable reduction of 56 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % during the last two months.