The prices in real estate in Akasia, 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 Akasia has remained the same in the last 6 months. In October, the average price per m² was R 8 409. In the following month the price per m² increased to R 9 027. In the following two months the price per m² has barely changed, going from R 8 718 to R 8 720,5 per m². The price per m² has decreased 87 % 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 8 719,25 to R 7 549 during February, and March.
Based upon to the price in Akasia (cities & towns), this has gone downing the last 6 months. The average price for October is R 1 249 569. During November the price had a slight fall till R 1 158 161. In the following two months the average price has remained the same with regard to the previous two months from R 1 203 865 to R 1 168 916,5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 1 186 390,75 and R 1 149 463 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 186 701 they are 68 % more affordable than the average price for Akasia. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 268 794.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 219 / m², with an average R 6 167 / m² price in Akasia. The properties with the highest average prices have 2 bedrooms. They are 33 % more expensive than the average followed by properties with 1 bedroom with a price at R 8 055 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 186 701 it is 52 % cheaper than the average price in Akasia. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 1 428 800 it is 100 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 5 257 / m² followed by "Commercial" priced at R 7 755 / m². "Apartment" is the most costly type of property with a R 8 763 / m² cost followed by "Townhouse" with an average price of R 8 504 / m².