The prices in real estate in Otorohanga, in the Waikato region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Otorohanga has increased during the last 6 months. In November, the average price per m² was $3,956. In December this price pretty much remained the same at a value of $3,984 per m². In the following two months the price per m² has increased 107 %, going from $3,970 to $4,249 per m². The price per m² has increased 109 % 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 $4,109.5 to $4,473 during March, and April.
Based upon to the price in Otorohanga (suburbs), this has gone downing the last 6 months. The average price for November is $660,645. During December the price had a slight fall till $624,935. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.