The prices in real estate in Opunake, in the Taranaki 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 Opunake has increased strongly during the last 6 months. In November, the average price per m² was $3,902. In the following month the price per m² increased considerably to $4,713. In the following two months the price per m² has barely changed, going from $4,307.5 to $4,132 per m². 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 $4,219.75 to $5,058 during March, and April.
Based upon to the price in Opunake (suburbs), this has gone downing the last 6 months. The average price for November is $873,167. During December the price had a considerable reduction till $694,229. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $753,544.25 and $786,048 between March and April.