The prices in real estate in Kaitaia Peninsula, in the Northland 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 Kaitaia Peninsula has increased strongly during the last 6 months. In November, the average price per m² was $4,901. In the following month the price per m² increased considerably to $5,771. The price for the following two months in (January, February) had a considerable increment of 122 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $5,910.25 to $5,875 during March y April
Based upon to the price in Kaitaia Peninsula (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $720,195. In December This price remains at $728,875. In the following two months the average price has remained the same with regard to the previous two months from $724,535 to $701,632. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $713,083.5 to $673,312.5 in March and April.