The prices in real estate in Island Bay, in the Wellington region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Island Bay has remained the same in the last 6 months. In November, the average price per m² was $7,610. In the following month the price per m² decreased to $6,803. In the following two months the price per m² has barely changed, going from $7,206.5 to $6,988.5 per m². The price per m² has increased 114 % 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 $7,097.5 to $8,068.5 during March, and April.
Based upon to the price in Island Bay (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $1,134,125. In December This price remains at $1,114,286. During the following two months (January, February) the average price fell 90 % 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 gone up 105 % during the last two months.