The prices in real estate in Tauhara, in the Central North Island 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 Tauhara has had a strong decrease during the last 6 months. In November, the average price per m² was $5,963. In December this price pretty much remained the same at a value of $5,794 per m². In the following two months the price per m² has barely changed, going from $5,878.5 to $5,898 per m². The price per m² has had a considerable deflation of 56 % 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 $5,888.25 to $3,275 during March, and April.
Based upon to the price in Tauhara (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $586,625. In December This price remains at $607,250. During the following two months (January, February) the price has had an average incrementation from $596,937.5 to $647,375. During the last two months the average price has had a strong fall compared to the previous four going from $622,156.25 to $297,785.5, which means a 48 % fall.