Property prices for sale in Newlands (Wellington)
The prices in real estate in Newlands, in the Wellington region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Newlands has remained the same in the last 6 months. In November, the average price per m² was $7,833. In December this price pretty much remained the same at a value of $8,047 per m². In the following two months the price per m² has barely changed, going from $7,940 to $8,047 per m². The price per m² has decreased 89 % 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 $7,993.5 to $7,140 during March, and April.
Based upon to the price in Newlands (suburbs), this has fallen considerably in the last 6 months. The average price for November is $987,333. During December the price had a slight fall till $871,286. During the following two months (January, February) the average price fell 88 % 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 95 %, going from $872,113 to $827,614.5 in March and April.
