The prices in real estate in Upper Hutt, in the Wellington 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 Upper Hutt has increased during the last 6 months. In September, the average price per m² was $3,920. In the following month the price per m² decreased to $3,505. In the following two months the price per m² has barely changed, going from $3,712.5 to $3,745 per m². The price per m² has had a considerable increase of 147 % 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 $3,728.75 to $5,480.5 during January, and February.
Based upon to the price in Upper Hutt (suburbs), this has gone up in the last 6 months. In our first sample month during September, the average price is $818,242. In October This price remains at $812,943. In the following two months the average price has remained the same with regard to the previous two months from $815,592.5 to $839,596.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.