The prices in real estate in Okoia, in the Manawatu-Whanganui region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Okoia has remained the same in the last 6 months. In November, the average price per m² was $3,836. In the following month the price per m² increased considerably to $4,597. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per m² has had a considerable deflation of 44 % 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 $4,544.25 to $1,998 during March, and April.
Based upon to the price in Okoia (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $689,333. During December the price went through a considerable rise reaching $951,010. During the following two months (January, February) the average price had a considerable increase of 124 % 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 $917,781.75 to $513,166.5, which means a 56 % fall.