The average price in the Western Cape region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per m² in Western Cape has remained stagnant in the last 6 months. During September, the average price per m² was R 19 422. The following month (October) the price increased to R 21 028 per m². The price per m² for the following two months practically stayed the same, going from R 20 225 to R 19 411,5 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 R 19 818,25 to R 20 447 during January and February.
Based upon to the price in Western Cape(region), this has increased in the last 6 months. The average price in September is R 2 629 345. In October the price increased to R 2 955 924. In the following two months the average price didn't change much compared to the previous two going from R 2 792 634,5 to R 2 729 722. During the last two months the price has risen 112 % compared to the previous average values going from R 2 761 178,25 a R 3 079 402,5 in January and February.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 48 % more affordable than the average price in Western Cape followed by those with 2 with an average price of R 1 792 662. The most costly properties have 4 bedrooms. They are 67 % more expensive than the average followed by those properties with 3 bedrooms priced at R 2 941 417.
Based on the average price per m² those properties with 4 bedrooms are the cheapest ones with a price of R 16 687 / m² being R 20 409 / m² the average value within the Western Cape region. The properties with the most expensive average price are those with 1 bedroom. These are 45 % more costly than the average followed by those with 2 bedrooms with a price of R 20 668 / m².
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of R 2 888 225 it is 52 % more affordable than the average in Western Cape. This is followed by "Apartment" with a price of R 1 840 950. The dearest property type is "Farm" and is 392 % more expensive than the average, followed by "Commercial" with a cost of R 7 046 731.
Based on the average cost per m² the cheapest property type is "Commercial with a an average cost of R 11 469 / m², followed by "Land" with a price of R 12 281 / m². "Farm" with an average price of R 32 430 / m² is the most costly type of property followed by "Apartment" at a price of R 24 806 / m².