The prices in real estate in Papatoetoe, in the Auckland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Papatoetoe has fallen in the last 6 months. In October, the average price per m² was $6,665. In the following month the price per m² decreased to $6,149. The price for the following two months in (December, January) decreased 87 % with regard to the prior two months. The price per m² has decreased 92 % 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 $6,004.25 to $5,515.5 during February, and March.
Based upon to the price in Papatoetoe (suburbs), this has fallen considerably in the last 6 months. The average price for October is $661,625. During November the price had a considerable reduction till $561,633. During the following two months (December, January) the average price fell 85 % 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 93 %, going from $565,814.5 to $523,611 in February and March.