The prices in real estate in Wanaka, in the Central Otago 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 Wanaka has increased strongly during the last 6 months. In November, the average price per m² was $3,377. In the following month the price per m² increased considerably to $4,443. The price for the following two months in (January, February) decreased 93 % with regard to the prior two months. The price per m² has had a considerable increase of 213 % 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 $3,768 to $8,010 during March, and April.
Based upon to the price in Wanaka (suburbs), this has gone up considerably in the last 6 months. The price in November is $1,458,733, rising in December till $1,596,292. During the following two months (January, February) the price has had an average incrementation from $1,527,512.5 to $1,653,262. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % during the last two months.