Property prices for sale in Otara (Auckland)

The price per m² in Otara has had a strong decrease during the last 6 months. In November, the average price per m² was $6,600. In the following month the price per m² decreased to $5,685. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable increase of 125 % 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 $3,071.25 to $3,841 during March, and April.

Based upon to the price in Otara (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $636,500. In December This price remains at $654,250. During the following two months (January, February) the average price had a considerable reduction of 0 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $322,687.5 to $278,312.5 in March and April.

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 28 % cheaper than the average price of $399,000 in Otara. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 6 % more expensive than the average aforementioned.

With regard to the average prices per m² those properties with 2 bedrooms are 5 % cheaper than the average price of ($7,334 / m²) in Otara. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 4 % more costly than the average value aforementioned.