The prices in real estate in Pakuranga Heights, in the Auckland 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 Pakuranga Heights has had a strong decrease during the last 6 months. In November, the average price per m² was $7,738. In the following month the price per m² decreased considerably to $4,817. The price for the following two months in (January, February) had a considerable decrease of 36 with regard to the prior two months. The price per m² has had a considerable deflation of 68 % 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 $4,265.25 to $2,913.5 during March, and April.
Based upon to the price in Pakuranga Heights (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $1,001,250. In December This price remains at $1,046,429. In the following two months the average price has remained the same with regard to the previous two months from $1,023,839.5 to $978,541.5. 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 $1,001,190.5 and $1,040,300 between March and April.