The prices in real estate in Urenui, in the Taranaki 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 Urenui has increased strongly during the last 6 months. In November, the average price per m² was $3,731. In the following month the price per m² increased considerably to $4,488. The price for the following two months in (January, February) had a considerable increment of 144 %. The price per m² has had a considerable increase of 123 % 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 $5,006 to $6,145.5 during March, and April.
Based upon to the price in Urenui (suburbs), this has fallen considerably in the last 6 months. The average price for November is $823,833. During December the price had a slight fall till $755,500. During the following two months (January, February) the average price had a considerable reduction of 72 % 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 108 % during the last two months.