The prices in real estate in Utuhina, in the Bay Of Plenty 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 Utuhina has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $5,442. In the following two months the price per m² has barely changed, going from $2,721 to $2,721 per m². The price per m² has had a considerable deflation of 0 % 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 $2,721 to during March, and April.
Based upon to the price in Utuhina (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $673,000. In the following two months the average price has remained the same with regard to the previous two months from $336,500 to $336,500. During the last two months the average price has had a strong fall compared to the previous four going from $336,500 to , which means a 0 % fall.