The prices in real estate in Stokes Valley, in the Wellington region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Stokes Valley has had a strong decrease during the last 6 months. In November, the average price per m² was $7,823. In December this price pretty much remained the same at a value of $7,928 per m². The price for the following two months in (January, February) had a considerable decrease of 70 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $6,684.5 to $6,515.5 during March y April
Based upon to the price in Stokes Valley (suburbs), these have remained the same in the last 6 months. In our first sample month during November, the average price is $669,600. In December This price remains at $693,667. In the following two months the average price has remained the same with regard to the previous two months from $681,633.5 to $674,500. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $678,066.75 to $612,386.5 in March and April.