The prices in real estate in Ashton, in the Western Cape 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 Ashton has remained the same in the last 6 months. In November, the average price per m² was R 1 563. In the following month the price per m² increased to R 1 788. In the following two months the price per m² has barely changed, going from R 1 675,5 to R 1 620 per m². The price per m² has had a considerable deflation of 76 % 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 1 647,75 to R 1 254,5 during March, and April.
Based upon to the price in Ashton (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is R 1 221 667. During December the price went through a considerable rise reaching R 1 515 000. During the following two months (January, February) the average price had a considerable increase of 124 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from R 1 529 166,75 to R 1 440 833,5 in March and April.