The prices in real estate in Waitakere, in the Auckland 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 Waitakere has increased strongly during the last 6 months. In September, the average price per m² was $1,237. In the following month the price per m² increased considerably to $1,635. The price for the following two months in (November, December) had a considerable increment of 200 %. The price per m² has had a considerable increase of 220 % 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 $2,155 to $4,742.5 during January, and February.
Based upon to the price in Waitakere (suburbs), these have remained the same in the last 6 months. In our first sample month during September, the average price is $806,675. In October This price remains at $821,250. In the following two months the average price has remained the same with regard to the previous two months from $813,962.5 to $838,006.5. 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 $825,984.5 and $794,708.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $699,617 they are 28 % more affordable than the average price for Waitakere. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $896,747.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $929 / m², with an average $4,414 / m² price in Waitakere. The properties with the lowest average prices have 1 bedroom. They are 63 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,427 / m².
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $699,617 it is 6 % more expensive than the average price in Waitakere. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $743,510 it is 18 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $990 / m² followed by "Apartment" priced at $1,196 / m². "Apartment" is the cheapest type of property with a $1,196 / m² value followed by "House" with an average price of $990 / m².