Property prices for sale in Alberton (Gauteng)
The prices in real estate in Alberton, in the Gauteng region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Alberton has fallen in the last 6 months. In October, the average price per m² was R 10 919. In November this price pretty much remained the same at a value of R 10 498 per m². The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per m² has had a considerable deflation of 79 % 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 10 361,25 to R 8 188,5 during February, and March.
Based upon to the price in Alberton (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 1 525 587. In November This price remains at R 1 575 662. In the following two months the average price has remained the same with regard to the previous two months from R 1 550 624,5 to R 1 509 079. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 1 550 117 they are 62 % more affordable than the average price for Alberton. The properties with the highest average price have 4 bedrooms, Their price is 78 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 654 923.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 706 / m², with an average R 7 318 / m² price in Alberton. The properties with the highest average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at R 7 139 / m².
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of R 1 550 117 it is 61 % cheaper than the average price in Alberton. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 1 934 283 it is 137 % 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 4 974 / m² followed by "Office" priced at R 7 236 / m². "Townhouse" is the most costly type of property with a R 9 964 / m² cost followed by "Apartment" with an average price of R 9 463 / m².
