The prices in real estate in Point Chevalier, 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 Point Chevalier has had a strong decrease during the last 6 months. In October, the average price per m² was $15,365. In November this price pretty much remained the same at a value of $15,365 per m². The price for the following two months in (December, January) had a considerable decrease of 21 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $9,298.75 to $9,529 during February y March
Based upon to the price in Point Chevalier (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,992,600. In November This price remains at $1,992,600. During the following two months (December, January) the average price had a considerable reduction of 77 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,760,033.25 to $1,293,485.5, which means a 73 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 33 % cheaper than the average price of $804,667 in Point Chevalier. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 33 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 7 % cheaper than the average price of ($12,334 / m²) in Point Chevalier. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 7 % cheaper than the average value aforementioned.