The prices in real estate in Rongotea, in the Manawatu-Whanganui region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Rongotea has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $6,813. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per m² has had a considerable increase of 167 % 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 $1,703.25 to $2,841 during March, and April.
Based upon to the price in Rongotea (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $936,333. During the following two months (January, February) the average price had a considerable reduction of 0 % 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 182 % during the last two months.