The prices in real estate in Otematata, in the Otago 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 Otematata has remained the same in the last 6 months. In November, the average price per m² was $6,483. In December this price pretty much remained the same at a value of $6,533 per m². In the following two months the price per m² has barely changed, going from $6,508 to $6,686.5 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 $6,597.25 to $6,587.5 during March y April
Based upon to the price in Otematata (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $456,800. In December This price remains at $438,714. During the following two months (January, February) the average price fell 94 % 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 $433,847.25 and $413,500 between March and April.