Property prices for sale in Paihia (Northland)
The prices in real estate in Paihia, in the Northland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Paihia has increased strongly during the last 6 months. In October, the average price per m² was $4,721. In November this price pretty much remained the same at a value of $4,579 per m². The price for the following two months in (December, January) had a considerable increment of 135 %. The price per m² has had a considerable increase of 116 % 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 $5,459 to $6,315 during February, and March.
Based upon to the price in Paihia (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $917,600. In November This price remains at $905,964. During the following two months (December, January) the average price fell 93 % 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 94 %, going from $879,714.5 to $823,617.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $806,235 they are 56 % more affordable than the average price for Paihia. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $943,750.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $5,716 / m², with an average $6,319 / m² price in Paihia. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $7,522 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $806,235 it is 37 % cheaper than the average price in Paihia. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $507,571 it is 21 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $5,639 / m² followed by "Apartment" priced at $7,863 / m². "Apartment" is the most costly type of property with a $7,863 / m² cost followed by "House" with an average price of $5,639 / m².
