The prices in real estate in Whangarei, in the Northland 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 Whangarei has had a strong decrease during the last 6 months. In October, the average price per m² was $5,081. In the following month the price per m² decreased considerably to $4,082. In the following two months the price per m² has barely changed, going from $4,581.5 to $4,496 per m². The price per m² has had a considerable deflation of 75 % 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 $4,538.75 to $3,386 during February, and March.
Based upon to the price in Whangarei (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $731,432. In November This price remains at $696,822. In the following two months the average price has remained the same with regard to the previous two months from $714,127 to $681,878. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $698,002.5 and $730,129 between February and March.