The prices in real estate in Matua, in the Bay Of Plenty region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Matua has fallen in the last 6 months. In October, the average price per m² was $5,489. In the following month the price per m² increased considerably to $6,697. The price for the following two months in (December, January) had a considerable decrease of 58 with regard to the prior two months. The price per m² has had a considerable increase of 121 % 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 $4,811.25 to $5,812 during February, and March.
Based upon to the price in Matua (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $1,278,571. In November This price remains at $1,336,200. During the following two months (December, January) the average price had a considerable reduction of 56 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 135 % during the last two months.