The prices in real estate in Wellington, in the Wellington region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Wellington has fallen in the last 6 months. In October, the average price per m² was $5,581. In the following month the price per m² decreased to $5,266. In the following two months the price per m² has barely changed, going from $5,423.5 to $5,173.5 per m². 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 $5,298.5 to $5,061.5 during February y March
Based upon to the price in Wellington (suburbs), these have remained the same in the last 6 months. The average price for October is $625,313. During November the price had a slight fall till $581,653. In the following two months the average price has remained the same with regard to the previous two months from $603,483 to $589,439. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $648,538 they are 31 % more affordable than the average price for Wellington. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $669,450.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of $4,306 / m², with an average $5,093 / m² price in Wellington. The properties with the highest average prices have 1 bedroom. They are 85 % more expensive than the average followed by properties with 2 bedrooms with a price at $5,876 / m².
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $648,538 it is 1 % cheaper than the average price in Wellington. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $639,588 it is 26 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of $4,894 / m² followed by "Apartment" priced at $4,953 / m². "Apartment" is the cheapest type of property with a $4,953 / m² value followed by "House" with an average price of $4,894 / m².