Property prices for sale in Pahi (Northland)
The prices in real estate in Pahi, in the Northland region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Pahi has had a strong decrease during the last 6 months. In November, the average price per m² was $7,884. In the following month the price per m² increased to $8,306. The price for the following two months in (January, February) had a considerable decrease of 55 with regard to the prior two months. The price per m² has had a considerable deflation of 54 % 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 $6,286.75 to $3,369.5 during March, and April.
Based upon to the price in Pahi (suburbs), this has fallen considerably in the last 6 months. The average price for November is $936,250. During December the price had a slight fall till $866,667. During the following two months (January, February) the average price had a considerable reduction of 56 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $702,812.5 to $406,250, which means a 58 % fall.
