The prices in real estate in Ruakaka, in the Northland 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 Ruakaka has increased during the last 6 months. In November, the average price per m² was $4,829. In December this price pretty much remained the same at a value of $4,757 per m². In the following two months the price per m² has increased 109 %, going from $4,793 to $5,243.5 per m². The price per m² has had a considerable increase of 119 % 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 $5,018.25 to $5,990 during March, and April.
Based upon to the price in Ruakaka (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $875,385. In December This price remains at $888,875. During the following two months (January, February) the price has had an average incrementation from $882,130 to $927,700. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $904,915 to $837,416.5 in March and April.