The prices in real estate in Stanmore Bay, in the Auckland 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 Stanmore Bay has increased strongly during the last 6 months. In November, the average price per m² was $3,109. In the following month the price per m² increased considerably to $5,947. The price for the following two months in (January, February) had a considerable increment of 149 %. The price per m² has had a considerable increase of 128 % 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 $5,643.75 to $7,220 during March, and April.
Based upon to the price in Stanmore Bay (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $920,182. In December This price remains at $927,375. In the following two months the average price has remained the same with regard to the previous two months from $923,778.5 to $913,728.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % during the last two months.