The prices in real estate in Waiwhetu, in the Wellington region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Waiwhetu has had a strong decrease during the last 6 months. In November, the average price per m² was $8,258. In the following month the price per m² decreased to $7,390. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $3,912 to $3,943.5 during March y April
Based upon to the price in Waiwhetu (suburbs), this has fallen considerably in the last 6 months. The average price for November is $615,000. During December the price had a slight fall till $581,000. During the following two months (January, February) the average price had a considerable reduction of 0 % 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 risen strongly 141 % during the last two months.