The prices in real estate in Ranui, 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 Ranui has increased during the last 6 months. In November, the average price per m² was $5,214. In the following month the price per m² decreased considerably to $4,389. The price for the following two months in (January, February) had a considerable increment of 130 %. The price per m² has had a considerable increase of 118 % 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 $5,519.75 to $6,524.5 during March, and April.
Based upon to the price in Ranui (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $583,250. In December This price remains at $562,333. In the following two months the average price has remained the same with regard to the previous two months from $572,791.5 to $553,625. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.