Property prices for sale in Riverhead (Auckland)

The price per m² in Riverhead has had a strong decrease during the last 6 months. In October, the average price per m² was $7,906. In the following month the price per m² decreased considerably to $6,014. The price for the following two months in (December, January) had a considerable decrease of 68 with regard to the prior two months. The price per m² has had a considerable deflation of 72 % 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 $5,854.75 to $4,186.5 during February, and March.

Based upon to the price in Riverhead (suburbs), this has gone downing the last 6 months. The average price for October is $2,360,750. During November the price had a slight fall till $2,239,143. In the following two months the average price has remained the same with regard to the previous two months from $2,299,946.5 to $2,301,166.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $2,300,556.5 to $2,119,950 in February and March.