The prices in real estate in Wellington, in the Wellington 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 Wellington has increased strongly during the last 6 months. In July, the average price per m² was $555. In the following month the price per m² decreased to $521. The price for the following two months in (September, October) had a considerable increment of 713 %. The price per m² has had a considerable increase of 198 % 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 $2,186.75 to $4,322 during November, and December.
Based upon to the price in Wellington (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $64,708. During August the price went through a considerable rise reaching $86,210. During the following two months (September, October) the average price had a considerable increase of 616 % 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 186 % 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 $515,620 they are 1 % more affordable than the average price for Wellington. 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 $567,547.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $4,873 / m², with an average $4,681 / m² price in Wellington. The properties with the highest average prices have 1 bedroom. They are 148 % more expensive than the average followed by properties with 2 bedrooms with a price at $6,353 / m².
With regard to the average price based upon the property in Wellington we can see that the cheapest property type is "Office" at a price of $73,222, they are 86 % more affordable than the average price of (!PRECIO2!). "Office" has the lowest price. This price is 86 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "Office with an average price of $490 / m². "Office" with an average cost of $490 / m² has the lowest price and would be directed at less affluent cities.