The prices in real estate in Porirua, in the Wellington 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 Porirua has fallen in the last 6 months. In December, the average price per m² was $3,225. In the following month the price per m² decreased to $3,057. The price for the following two months in (February, March) had a considerable decrease of 57 with regard to the prior two months. The price per m² has had a considerable increase of 150 % 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 $2,465.75 to $3,688 during April, and May.
Based upon to the price in Porirua (suburbs), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $660,885. In January This price remains at $673,545. During the following two months (February, March) the average price had a considerable reduction of 50 % 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 risen strongly 120 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $544,478 in Porirua. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of ($3,669 / m²) in Porirua. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Porirua we can see that the cheapest property type is "House" at a price of $544,478, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $3,669 / m². "House" with an average cost of $3,669 / m² has the lowest price and would be directed at less affluent cities.