The prices in real estate in Morningside, in the Northland 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 Morningside has fallen in the last 6 months. In October, the average price per m² was $7,832. In November this price pretty much remained the same at a value of $8,130 per m². The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per m² has increased 112 % 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 $7,139.75 to $7,969 during February, and March.
Based upon to the price in Morningside (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $682,750. In November This price remains at $716,429. In the following two months the average price has remained the same with regard to the previous two months from $699,589.5 to $691,533.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $695,561.5 to $594,833.5 in February and March.