The prices in real estate in Titahi Bay, in the Wellington 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 Titahi Bay has had a strong decrease during the last 6 months. In November, the average price per m² was $4,450. In the following month the price per m² decreased to $3,945. The price for the following two months in (January, February) had a considerable decrease of 80 with regard to the prior two months. 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 $3,787.75 to $3,890.5 during March y April
Based upon to the price in Titahi Bay (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $449,000. During December the price went through a considerable rise reaching $803,600. During the following two months (January, February) the average price had a considerable increase of 136 % 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 $739,250 to $375,666.5, which means a 51 % fall.