The prices in real estate in Jacks Point, in the Central Otago 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 Jacks Point has increased during the last 6 months. In November, the average price per m² was $7,756. In the following month the price per m² increased considerably to $8,964. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per m² has increased 112 % 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 $8,141.25 to $9,094.5 during March, and April.
Based upon to the price in Jacks Point (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $877,571. During December the price went through a considerable rise reaching $1,858,857. During the following two months (January, February) the average price had a considerable increase of 131 % 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 143 % during the last two months.