The prices in real estate in Lepperton, in the Taranaki 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 Lepperton has had a strong decrease during the last 6 months. In November, the average price per m² was $4,954. In the following month the price per m² decreased considerably to $3,880. The price for the following two months in (January, February) had a considerable decrease of 81 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 $3,991.25 to during March, and April.
Based upon to the price in Lepperton (suburbs), these have remained the same in the last 6 months. The average price during our first sample month during November, is $806,000. During December the price went through a considerable rise reaching $1,303,000. During the following two months (January, February) the average price had a considerable increase of 130 % 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 $1,210,520.75 to , which means a 0 % fall.