The prices in real estate in South Waikato, in the Waikato region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in South Waikato has fallen in the last 6 months. In October, the average price per m² was $5,120. In the following month the price per m² decreased to $4,823. In the following two months the price per m² has barely changed, going from $4,971.5 to $5,102.5 per m². The price per m² has had a considerable deflation of 79 % 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 $5,037 to $3,970 during February, and March.
Based upon to the price in South Waikato (suburbs), these have remained the same in the last 6 months. The average price for October is $660,783. During November the price had a slight fall till $622,204. In the following two months the average price has remained the same with regard to the previous two months from $641,493.5 to $649,554. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $722,812 they are 37 % more affordable than the average price for South Waikato. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $695,076.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $2,815 / m², with an average $3,120 / m² price in South Waikato. The properties with the highest average prices have 1 bedroom. They are 135 % more expensive than the average followed by properties with 2 bedrooms with a price at $5,115 / m².
With regard to the average price based upon the property in South Waikato we can see that the cheapest property type is "House" at a price of $722,812, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $3,120 / m². "House" with an average cost of $3,120 / m² has the lowest price and would be directed at less affluent cities.