The prices in real estate in Otaki Beach, in the Wellington 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 Otaki Beach has remained the same in the last 6 months. In November, the average price per m² was $5,105. In the following month the price per m² increased to $5,828. The price for the following two months in (January, February) had a considerable increment of 119 %. The price per m² has had a considerable deflation of 55 % 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 $5,978 to $3,313.5 during March, and April.
Based upon to the price in Otaki Beach (suburbs), this has fallen considerably in the last 6 months. The average price for November is $731,750. During December the price had a slight fall till $669,889. In the following two months the average price has remained the same with regard to the previous two months from $700,819.5 to $684,932.5. During the last two months the average price has had a strong fall compared to the previous four going from $692,876 to $342,500, which means a 49 % fall.