The prices in real estate in Kakanui, in the Otago 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 Kakanui has remained the same in the last 6 months. In November, the average price per m² was $5,878. In the following month the price per m² decreased to $5,387. In the following two months the price per m² has barely changed, going from $5,632.5 to $5,467.5 per m². The price per m² has increased 105 % 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 $5,550 to $5,851.5 during March, and April.
Based upon to the price in Kakanui (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,246,667. During December the price had a considerable reduction till $751,333. During the following two months (January, February) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $909,950 and $934,375 between March and April.