The prices in real estate in Turangi, in the Central North Island region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Turangi has increased during the last 6 months. In October, the average price per m² was $2,803. In the following month the price per m² decreased to $2,625. In the following two months the price per m² has increased 108 %, going from $2,714 to $2,925.5 per m². The price per m² has had a considerable increase of 126 % 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 $2,819.75 to $3,552.5 during February, and March.
Based upon to the price in Turangi (suburbs), this has gone up in the last 6 months. In our first sample month during October, the average price is $529,500. In November This price remains at $535,493. During the following two months (December, January) the price has had an average incrementation from $532,496.5 to $582,483. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $557,489.75 and $574,038 between February and March.