The prices in real estate in Tauranga South, in the Bay Of Plenty 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 Tauranga South has increased strongly during the last 6 months. In October, the average price per m² was $6,517. In the following month the price per m² increased considerably to $7,570. In the following two months the price per m² has increased 113 %, going from $7,043.5 to $7,986 per m². 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 $7,514.75 to $7,389 during February y March
Based upon to the price in Tauranga South (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,097,333. In November This price remains at $1,139,750. During the following two months (December, January) 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 $963,104.25 to $766,048, which means a 80 % fall.