Property prices for sale in Ngaio (Wellington)
The prices in real estate in Ngaio, in the Wellington 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 Ngaio has had a strong decrease during the last 6 months. In October, the average price per m² was $39,622. In the following month the price per m² decreased considerably to $7,205. The price for the following two months in (December, January) had a considerable decrease of 13 with regard to the prior two months. The price per m² has had a considerable deflation of 53 % 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 $13,270 to $7,081.5 during February, and March.
Based upon to the price in Ngaio (suburbs), this has fallen considerably in the last 6 months. The average price for October is $6,643,205. During November the price had a considerable reduction till $916,000. During the following two months (December, January) the average price had a considerable reduction of 14 % 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 $2,155,301.25 to $888,083.5, which means a 41 % fall.
