The prices in real estate in Strandon, in the Taranaki 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 Strandon has fallen in the last 6 months. In November, the average price per m² was $6,790. In the following month the price per m² decreased to $6,342. In the following two months the price per m² has barely changed, going from $6,566 to $6,286.5 per m². The price per m² has decreased 87 % 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 $6,426.25 to $5,568.5 during March, and April.
Based upon to the price in Strandon (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,995,000. During December the price had a considerable reduction till $1,651,250. During the following two months (January, February) the average price had a considerable reduction of 72 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,567,345.75 to $848,762, which means a 54 % fall.