The prices in real estate in Ngongotaha, in the Bay Of Plenty 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 Ngongotaha has increased strongly during the last 6 months. In October, the average price per m² was $3,961. In November this price pretty much remained the same at a value of $4,070 per m². The price for the following two months in (December, January) had a considerable increment of 139 %. The price per m² has had a considerable increase of 129 % 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 $4,800.25 to $6,174.5 during February, and March.
Based upon to the price in Ngongotaha (suburbs), these have remained the same in the last 6 months. The price in October is $607,167, rising in November till $690,200. In the following two months the average price has remained the same with regard to the previous two months from $648,683.5 to $620,500. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $634,591.75 to $569,333.5 in February and March.