Property prices for sale in Petone (Wellington)
The prices in real estate in Petone, 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 Petone has had a strong decrease during the last 6 months. In November, the average price per m² was $8,759. In the following month the price per m² decreased to $7,932. The price for the following two months in (January, February) had a considerable decrease of 52 with regard to the prior two months. The price per m² has had a considerable increase of 134 % 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 $6,328.5 to $8,476.5 during March, and April.
Based upon to the price in Petone (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $934,143. During December the price went through a considerable rise reaching $1,244,667. During the following two months (January, February) the average price had a considerable reduction of 38 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
