The prices in real estate in Matarangi, in the Coromandel 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 Matarangi has increased during the last 6 months. In October, the average price per m² was $7,748. In November this price pretty much remained the same at a value of $7,852 per m². In the following two months the price per m² has increased 110 %, going from $7,800 to $8,591.5 per m². 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 $8,195.75 to $7,972.5 during February y March
Based upon to the price in Matarangi (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $1,093,707. In November This price remains at $1,077,077. During the following two months (December, January) the average price fell 94 % 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 91 %, going from $1,051,370.75 to $952,944.5 in February and March.