The prices in real estate in Massey, 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 Massey has had a strong decrease during the last 6 months. In November, the average price per m² was $8,912. In the following month the price per m² decreased to $8,360. The price for the following two months in (January, February) had a considerable decrease of 71 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 $7,377.75 to $7,435.5 during March y April
Based upon to the price in Massey (suburbs), these have remained the same in the last 6 months. The price in November is $780,220, rising in December till $823,824. During the following two months (January, February) the average price fell 86 % with regard to the previous two months. 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 $745,695.75 and $767,075 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $820,483 they are 25 % more affordable than the average price for Massey. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $723,889.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $6,334 / m², with an average $8,278 / m² price in Massey. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $9,958 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $820,483 it is 12 % cheaper than the average price in Massey. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $720,938 it is 8 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $7,750 / m² followed by "Townhouse" priced at $9,552 / m². "Townhouse" is the most costly type of property with a $9,552 / m² cost followed by "House" with an average price of $7,750 / m².