The prices in real estate in Orewa, in the Auckland 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 Orewa has increased strongly during the last 6 months. In September, the average price per m² was $4,074. In the following month the price per m² increased considerably to $5,739. In the following two months the price per m² has increased 113 %, going from $4,906.5 to $5,565.5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $5,236 to $5,193 during January y February
Based upon to the price in Orewa (suburbs), this has gone up in the last 6 months. The price in September is $1,192,282, rising in October till $1,267,723. During the following two months (November, December) the price has had an average incrementation from $1,230,002.5 to $1,335,568. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,335,828 they are 41 % more affordable than the average price for Orewa. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,279,583.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $3,652 / m², with an average $5,359 / m² price in Orewa. The properties with the highest average prices have 1 bedroom. They are 138 % more expensive than the average followed by properties with 2 bedrooms with a price at $7,553 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,335,828 it is 25 % cheaper than the average price in Orewa. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $996,864 it is 13 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $3,717 / m² followed by "Apartment" priced at $8,707 / m². "Apartment" is the most costly type of property with a $8,707 / m² cost followed by "House" with an average price of $3,717 / m².