Property prices for sale in Newmarket (Auckland)
The prices in real estate in Newmarket, in the Auckland region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Newmarket has had a strong decrease during the last 6 months. In November, the average price per m² was $12,499. In the following month the price per m² decreased considerably to $9,289. The price for the following two months in (January, February) had a considerable decrease of 26 with regard to the prior two months. The price per m² has decreased 85 % 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 $6,880.25 to $5,859 during March, and April.
Based upon to the price in Newmarket (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,056,455. During December the price had a considerable reduction till $637,375. During the following two months (January, February) the average price had a considerable reduction of 39 % 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 $586,770 to $381,611, which means a 65 % fall.
