The prices in real estate in Allanridge, in the Free State 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 Allanridge has had a strong decrease during the last 6 months. In November, the average price per m² was R 1 149. In the following month the price per m² decreased considerably to R 888. The price for the following two months in (January, February) had a considerable decrease of 34 with regard to the prior two months. The price per m² has had a considerable increase of 126 % 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 681,75 to R 857,5 during March, and April.
Based upon to the price in Allanridge (cities & towns), this has gone downing the last 6 months. The average price during our first sample month during November, is R 581 046. During December the price went through a considerable rise reaching R 925 333. During the following two months (January, February) the average price had a considerable reduction of 42 % 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 gone up 113 % during the last two months.