The prices in real estate in Bellville, 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 Bellville has remained the same in the last 6 months. In October, the average price per m² was R 15 604. In November this price pretty much remained the same at a value of R 15 612 per m². In the following two months the price per m² has barely changed, going from R 15 608 to R 15 902,5 per m². The price per m² has decreased 93 % 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 15 755,25 to R 14 605,5 during February, and March.
Based upon to the price in Bellville (cities & towns), this has gone up in the last 6 months. The price in October is R 1 926 844, rising in November till R 2 155 199. During the following two months (December, January) the price has had an average incrementation from R 2 041 021,5 to R 2 174 944. 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 2 107 982,75 and R 2 152 680 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 2 242 125 they are 64 % more affordable than the average price for Bellville. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 255 464.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 12 542 / m², with an average R 14 449 / m² price in Bellville. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 1 bedroom with a price at R 14 398 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 2 242 125 it is 51 % cheaper than the average price in Bellville. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of R 3 475 000 it is 323 % 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 12 928 / m² followed by "Townhouse" priced at R 15 696 / m². "Office" is the most costly type of property with a R 9 488 380 / m² cost followed by "Commercial" with an average price of R 50 997 / m².