Property prices for sale in Te Aro (Wellington)

The prices in real estate in Te Aro, in the Wellington 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

$811,169.5
Average price last 6 months
$10,142.83
Price/m² last 6 months
Average price per m2

The price per m² in Te Aro has fallen in the last 6 months. In October, the average price per m² was $11,304. In November this price pretty much remained the same at a value of $11,063 per m². The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per m² has decreased 90 % 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 $10,498 to $9,432.5 during February, and March.

Average price

Based upon to the price in Te Aro (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $785,944. In November This price remains at $802,135. In the following two months the average price has remained the same with regard to the previous two months from $794,039.5 to $782,088.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $959,485 they are 46 % more affordable than the average price for Te Aro. The properties with the highest average price have 3 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,026,167.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $7,210 / m², with an average $9,926 / m² price in Te Aro. The properties with the highest average prices have 2 bedrooms. They are 19 % more expensive than the average followed by properties with 1 bedroom with a price at $10,126 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $959,485 it is 3 % cheaper than the average price in Te Aro. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $929,407 it is 25 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Apartment" at an average cost of $9,738 / m² followed by "House" priced at $12,210 / m². "House" is the most costly type of property with a $12,210 / m² cost followed by "Apartment" with an average price of $9,738 / m².

Charts data
Average price March
Average price per m² March
Number of properties used in Te Aro
Number of properties used in region Wellington
$959,485
$9,926
418
12,396
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Other cities in region Wellington