The prices in real estate in Ohai, in the Southland 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 Ohai has had a strong decrease during the last 6 months. In November, the average price per m² was $2,387. In December this price pretty much remained the same at a value of $2,322 per m². The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable increase of 120 % 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 $1,177.25 to $1,414 during March, and April.
Based upon to the price in Ohai (suburbs), this has fallen considerably in the last 6 months. The price in November is $333,833, rising in December till $375,750. During the following two months (January, February) the average price had a considerable reduction of 0 % 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 $177,395.75 to $145,666.5, which means a 82 % fall.