The prices in real estate in Ngaio, in the Wellington region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Ngaio has increased strongly during the last 6 months. In June, the average price per m² was . In the following month the price per m² increased considerably to . The price for the following two months in (August, September) had a considerable increment of 2147483647 %. The price per m² has had a considerable increase of 209 % 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 $385.75 to $808 during October, and November.
Based upon to the price in Ngaio (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during June, is . During July the price went through a considerable rise reaching . During the following two months (August, September) the average price had a considerable increase of 2147483647 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 273 % during the last two months.