The prices in real estate in Barberton, in the Mpumalanga 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 Barberton has fallen in the last 6 months. In October, the average price per m² was R 1 585. In the following month the price per m² increased to R 1 729. The price for the following two months in (December, January) had a considerable decrease of 67 with regard to the prior two months. The price per m² has increased 113 % 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 1 384 to R 1 570 during February, and March.
Based upon to the price in Barberton (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 1 303 641. In November This price remains at R 1 354 050. During the following two months (December, January) the average price fell 92 % 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 88 %, going from R 1 275 272,5 to R 1 123 438 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 112 005 they are 37 % more affordable than the average price for Barberton. The properties with the highest average price have 1 bedroom, Their price is 47 % more costly than the average. After that we have properties with 4 bedrooms priced at R 1 181 302.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 861 / m², with an average R 1 682 / m² price in Barberton. The properties with the highest average prices have 1 bedroom. They are 96867 % more expensive than the average followed by properties with 2 bedrooms with a price at R 975 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 112 005 it is 36 % cheaper than the average price in Barberton. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 1 210 787 it is 106 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of R 431 030 / m² followed by "Land" priced at R 712 557 / m². "Farm" is the most costly type of property with a R 2 164 118 / m² cost followed by "Land" with an average price of R 712 557 / m².