Property prices for sale in Mangakino (Central North Island)
The prices in real estate in Mangakino, in the Central North Island 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 Mangakino has had a strong decrease during the last 6 months. In November, the average price per m² was $7,508. In the following month the price per m² decreased considerably to $6,215. The price for the following two months in (January, February) had a considerable decrease of 40 with regard to the prior two months. The price per m² has had a considerable deflation of 58 % 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 $4,802.75 to $2,771 during March, and April.
Based upon to the price in Mangakino (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $595,500. In December This price remains at $569,800. During the following two months (January, February) the average price had a considerable reduction of 50 % 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 $437,158.25 to $255,166.5, which means a 58 % fall.
