Property prices for sale in Otago region
The average price in the Otago region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per m² in Otago has remained stagnant in the last 6 months. During November, the average price per m² was $4,712. In December the price pretty much stayed the same at $4,549 per m². The price per m² for the following two months practically stayed the same, going from $4,630.5 to $4,786 per m². In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per m² of $4,708.25 to $4,763 during March and April.
Based upon to the price in Otago (region), this has decreased in the last 6 months. November has an average price of $753,275. During December the price had a slight deflation till $658,475. In the following two months the average price didn't change much compared to the previous two going from $705,875 to $674,575. During the last two months the price has reduced 93 % compared to the previous average values going from $690,225 a $644,950 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 42 % more affordable than the average price in Otago followed by those with 2 with an average price of $518,800. The most costly properties have 4 bedrooms. They are 23 % more expensive than the average followed by those properties with 3 bedrooms priced at $624,825.
Based on the average price per m² those properties with 4 bedrooms are the cheapest ones with a price of $4,132 / m² being $4,817 / m² the average value within the Otago region. The properties with the most expensive average price are those with 1 bedroom. These are 78 % more costly than the average followed by those with 2 bedrooms with a price of $5,163 / m².
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $649,350 it is 73 % more affordable than the average in Otago. This is followed by "Townhouse" with a price of $403,276. The dearest property type is "House And Land" and is 65 % more expensive than the average, followed by "House" with a cost of $645,288.
Based on the average cost per m² the cheapest property type is "House with a an average cost of $4,599 / m², followed by "Townhouse" with a price of $7,976 / m². "House And Land" with an average price of $116,203 / m² is the most costly type of property followed by "Apartment" at a price of $14,078 / m².
