The prices in real estate in Thames, in the Coromandel 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 Thames has increased strongly during the last 6 months. In October, the average price per m² was $4,251. In November this price pretty much remained the same at a value of $4,045 per m². The price for the following two months in (December, January) had a considerable increment of 130 %. The price per m² has had a considerable increase of 115 % 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 $4,771 to $5,489.5 during February, and March.
Based upon to the price in Thames (suburbs), this has gone downing the last 6 months. In our first sample month during October, the average price is $804,753. In November This price remains at $776,560. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.