The prices in real estate in Katikati, in the Bay Of Plenty 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 Katikati has fallen in the last 6 months. In November, the average price per m² was $5,363. In December this price pretty much remained the same at a value of $5,144 per m². The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. 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 $4,965.75 to $5,234.5 during March, and April.
Based upon to the price in Katikati (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $925,469. In December This price remains at $941,353. In the following two months the average price has remained the same with regard to the previous two months from $933,411 to $935,250.5. 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 $934,330.75 and $955,457 between March and April.