The prices in real estate in Owhata, in the Bay Of Plenty 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 Owhata has increased during the last 6 months. In November, the average price per m² was $4,939. In December this price pretty much remained the same at a value of $5,085 per m². In the following two months the price per m² has barely changed, going from $5,012 to $5,252.5 per m². The price per m² has increased 106 % 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 $5,132.25 to $5,444.5 during March, and April.
Based upon to the price in Owhata (suburbs), these have remained the same in the last 6 months. The price in November is $779,000, rising in December till $884,667. During the following two months (January, February) the average price fell 92 % 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 91 %, going from $797,366.75 to $728,856.5 in March and April.