Property prices for sale in Te Puna (Bay Of Plenty)
The prices in real estate in Te Puna, 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 Te Puna has increased strongly during the last 6 months. In November, the average price per m² was $4,271. In the following month the price per m² decreased considerably to $3,170. In the following two months the price per m² has increased 106 %, going from $3,720.5 to $3,928 per m². The price per m² has had a considerable increase of 190 % 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 $3,824.25 to $7,273 during March, and April.
Based upon to the price in Te Puna (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $1,323,750. In December This price remains at $1,283,000. During the following two months (January, February) the price has had an average incrementation from $1,303,375 to $1,407,625. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % during the last two months.
