The prices in real estate in Ramarama, in the Auckland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Ramarama has increased during the last 6 months. In November, the average price per m² was $5,387. In the following month the price per m² increased to $6,056. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per m² has had a considerable increase of 125 % 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 $5,575 to $6,949 during March, and April.
Based upon to the price in Ramarama (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $947,419. In December This price remains at $903,856. During the following two months (January, February) the average price had a considerable increase of 116 % 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 87 %, going from $998,564 to $871,847 in March and April.