The prices in real estate in Omapere, in the Northland 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 Omapere has had a strong decrease during the last 6 months. In November, the average price per m² was $4,781. In December this price pretty much remained the same at a value of $4,781 per m². The price for the following two months in (January, February) had a considerable decrease of 46 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $3,493.5 to during March, and April.
Based upon to the price in Omapere (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $754,800. In December This price remains at $754,800. During the following two months (January, February) the average price had a considerable reduction of 55 % 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 $583,650 to , which means a 0 % fall.