The prices in real estate in Napier, in the Oroua County 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 Napier has increased during the last 6 months. In October, the average price per m² was $4,803. In the following month the price per m² decreased to $4,549. The price for the following two months in (December, January) had a considerable increment of 119 %. The price per m² has had a considerable increase of 115 % 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 $5,126.5 to $5,918.5 during February, and March.
Based upon to the price in Napier (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $720,296. In November This price remains at $707,027. In the following two months the average price has remained the same with regard to the previous two months from $713,661.5 to $709,152.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $711,407 and $706,794.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $707,339 they are 57 % more affordable than the average price for Napier. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at $734,697.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $5,486 / m², with an average $5,949 / m² price in Napier. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $6,111 / m².
With regard to the average price based upon the property in Napier we can see that most expensive property type is "House" at a price of $712,611, they are 1 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 1 % more expensive than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $5,892 / m². "House" with an average cost of $5,892 / m² has the lowest price and would be directed at less affluent cities.