The prices in real estate in Kawaha Point, in the Bay Of Plenty region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Kawaha Point has had a strong decrease during the last 6 months. In October, the average price per m² was $4,220. In November this price pretty much remained the same at a value of $4,106 per m². The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $2,962.25 to during February, and March.
Based upon to the price in Kawaha Point (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $919,857. In November This price remains at $958,571. During the following two months (December, January) the average price had a considerable reduction of 44 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $677,857 to , which means a 0 % fall.