The prices in real estate in Kinloch, in the Central North Island 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 Kinloch has increased strongly during the last 6 months. In November, the average price per m² was $4,503. In the following month the price per m² increased considerably to $7,754. In the following two months the price per m² has increased 111 %, going from $6,128.5 to $6,790.5 per m². The price per m² has decreased 91 % 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 $6,459.5 to $5,850 during March, and April.
Based upon to the price in Kinloch (suburbs), this has gone up in the last 6 months. The price in November is $1,139,250, rising in December till $1,291,091. During the following two months (January, February) the price has had an average incrementation from $1,215,170.5 to $1,281,041.5. 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 $1,248,106 and $1,242,750 between March and April.