The prices in real estate in Moturoa, in the Taranaki 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 Moturoa has fallen in the last 6 months. In November, the average price per m² was $6,078. In December this price pretty much remained the same at a value of $6,020 per m². The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per m² has had a considerable deflation of 82 % 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 $5,738.25 to $4,717 during March, and April.
Based upon to the price in Moturoa (suburbs), this has gone downing the last 6 months. The price in November is $1,042,037, rising in December till $1,156,000. During the following two months (January, February) the average price fell 89 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,037,451 to $667,413.5, which means a 64 % fall.