The prices in real estate in Rayton, in the Gauteng region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Rayton has remained the same in the last 6 months. In October, the average price per m² was R 2 832. In the following month the price per m² decreased to R 2 461. In the following two months the price per m² has barely changed, going from R 2 646,5 to R 2 667 per m². The price per m² has increased 109 % 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 R 2 656,75 to R 2 885,5 during February, and March.
Based upon to the price in Rayton (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 1 389 333. In November This price remains at R 1 411 304. During the following two months (December, January) the price has had an average incrementation from R 1 400 318,5 to R 1 522 790. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 R 1 623 438 they are 34 % more affordable than the average price for Rayton. The properties with the lowest average price have 3 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 2 bedrooms priced at R 1 420 234.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 4 748 / m², with an average R 2 657 / m² price in Rayton. The properties with the highest average prices have 1 bedroom. They are 38109 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 736 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 623 438 it is 68 % cheaper than the average price in Rayton. "Apartment" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of R 2 990 643 it is 145 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial" at an average cost of R 1 306 / m² followed by "Farm" priced at R 9 747 / m². "Land" is the most costly type of property with a R 520 602 / m² cost followed by "House" with an average price of R 360 831 / m².