The prices in real estate in Stanford, in the Western Cape 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 Stanford has had a strong decrease during the last 6 months. In October, the average price per m² was R 16 231. In the following month the price per m² decreased considerably to . In the following two months the price per m² has barely changed, going from R 8 115,5 to R 8 202 per m². The price per m² has had a considerable increase of 227 % 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 8 158,75 to R 18 496 during February, and March.
Based upon to the price in Stanford (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 5 983 333. During November the price had a considerable reduction till . During the following two months (December, January) the average price had a considerable reduction of 69 % 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 174 % during the last two months.