The prices in real estate in Wanganui, in the Manawatu-Whanganui 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 Wanganui has had a strong decrease during the last 6 months. In October, the average price per m² was $666. In the following month the price per m² decreased to $583. The price for the following two months in (December, January) had a considerable decrease of 71 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 $532.5 to $513.5 during February y March
Based upon to the price in Wanganui (suburbs), these have remained the same in the last 6 months. The price in October is $556,061, rising in November till $597,999. During the following two months (December, January) the price has had an average incrementation from $577,030 to $633,623.5. During the last two months the average price has had a strong fall compared to the previous four going from $605,326.75 to $502,025.5, which means a 83 % fall.