The prices in real estate in Manly, in the Auckland 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 Manly has had a strong decrease during the last 6 months. In November, the average price per m² was $7,281. In the following month the price per m² increased considerably to $8,687. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $3,992 to $3,886 during March y April
Based upon to the price in Manly (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $1,236,388. During December the price went through a considerable rise reaching $1,622,582. During the following two months (January, February) the average price had a considerable reduction of 0 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $714,742.5 to $624,770.5 in March and April.