The prices in real estate in Lake Rotoma, in the Bay Of Plenty 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 Lake Rotoma has increased strongly during the last 6 months. In November, the average price per m² was $4,326. In the following month the price per m² increased to $4,890. The price for the following two months in (January, February) had a considerable increment of 155 %. The price per m² has decreased 92 % 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 $5,884.25 to $5,441 during March, and April.
Based upon to the price in Lake Rotoma (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $477,429. In December This price remains at $484,000. In the following two months the average price has remained the same with regard to the previous two months from $480,714.5 to $492,166.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.