The prices in real estate in Lower Hutt, in the Wellington region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Lower Hutt has increased during the last 6 months. In October, the average price per m² was $6,074. In the following month the price per m² decreased to $5,699. The price for the following two months in (December, January) had a considerable increment of 121 %. The price per m² has increased 113 % 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 $6,506.25 to $7,373 during February, and March.
Based upon to the price in Lower Hutt (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $834,300. In November This price remains at $835,063. In the following two months the average price has remained the same with regard to the previous two months from $834,681.5 to $810,437.5. 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 $822,559.5 and $799,684.5 between February and March.