The prices in real estate in Takaka, in the Nelson Bays region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Takaka has remained the same in the last 6 months. In November, the average price per m² was $4,907. In the following month the price per m² increased to $5,482. In the following two months the price per m² has increased 113 %, going from $5,194.5 to $5,869 per m². The price per m² has had a considerable deflation of 59 % 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 $5,531.75 to $3,281 during March, and April.
Based upon to the price in Takaka (suburbs), this has fallen considerably in the last 6 months. The average price for November is $862,333. During December the price had a slight fall till $792,000. During the following two months (January, February) the average price fell 87 % 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 $774,666.5 to $328,625, which means a 42 % fall.