The prices in real estate in Whiritoa, in the Coromandel 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 Whiritoa has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $8,966. The price for the following two months in (January, February) had a considerable increment of 197 %. 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 $6,655.5 to $5,014 during March, and April.
Based upon to the price in Whiritoa (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $1,061,800. During the following two months (January, February) the average price had a considerable increase of 210 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $822,150 to $436,125, which means a 53 % fall.