The prices in real estate in Kai Iwi, in the Oroua County region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Kai Iwi has fallen in the last 6 months. In November, the average price per m² was $5,347. In December this price pretty much remained the same at a value of $5,266 per m². The price for the following two months in (January, February) had a considerable decrease of 58 with regard to the prior two months. The price per m² has had a considerable increase of 138 % 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 $4,202 to $5,805.5 during March, and April.
Based upon to the price in Kai Iwi (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $814,667. In December This price remains at $810,000. During the following two months (January, February) the average price had a considerable reduction of 65 % 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 188 % during the last two months.