The prices in real estate in Motueka, in the Nelson Bays 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 Motueka has increased during the last 6 months. In October, the average price per m² was $4,713. In November this price pretty much remained the same at a value of $4,802 per m². In the following two months the price per m² has increased 111 %, going from $4,757.5 to $5,265.5 per m². The price per m² has increased 110 % 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 $5,011.5 to $5,497.5 during February, and March.
Based upon to the price in Motueka (suburbs), these have remained the same in the last 6 months. The price in October is $710,403, rising in November till $809,360. During the following two months (December, January) the average price fell 93 % 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 93 %, going from $733,601.25 to $681,052 in February and March.