The prices in real estate in Paraparaumu Beach, in the Wellington 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 Paraparaumu Beach has had a strong decrease during the last 6 months. In November, the average price per m² was $958. In the following month the price per m² increased to $1,035. In the following two months the price per m² has increased 110 %, going from $996.5 to $1,101 per m². The price per m² has had a considerable deflation of 0 % 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 $1,048.75 to during March, and April.
Based upon to the price in Paraparaumu Beach (suburbs), this has fallen considerably in the last 6 months. The price in November is $685,333, rising in December till $729,000. During the following two months (January, February) the price has had an average incrementation from $707,166.5 to $754,548. During the last two months the average price has had a strong fall compared to the previous four going from $730,857.25 to , which means a 0 % fall.