Property prices for sale in Mornington (Otago)
The prices in real estate in Mornington, in the Otago region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Mornington has increased strongly during the last 6 months. In November, the average price per m² was $3,224. In the following month the price per m² increased considerably to $3,912. In the following two months the price per m² has barely changed, going from $3,568 to $3,615 per m². The price per m² has increased 113 % 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 $3,591.5 to $4,050 during March, and April.
Based upon to the price in Mornington (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $780,750. In December This price remains at $760,600. 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 reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $716,004 to $635,687.5 in March and April.
