The prices in real estate in Blue Downs, in the Western Cape region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Blue Downs has increased during the last 6 months. In October, the average price per m² was R 13 083. In the following month the price per m² increased to R 14 358. In the following two months the price per m² has barely changed, going from R 13 720,5 to R 13 630,5 per m². The price per m² has had a considerable increase of 120 % 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 13 675,5 to R 16 366,5 during February, and March.
Based upon to the price in Blue Downs (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 794 627. During November the price went through a considerable rise reaching R 925 735. During the following two months (December, January) the price has had an average incrementation from R 860 181 to R 989 098,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 53 % cheaper than the average price of R 487 154 in Blue Downs. Based on the bedrooms values, properties with the lowest prices are those with 2 bedrooms. They are 39 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 27 % cheaper than the average price of (R 12 338 / m²) in Blue Downs. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 2 bedrooms. They are 20 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Blue Downs we can see that the cheapest property type is "House" at a price of R 734 741, they are 29 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 29 % more affordable than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of R 146 659 / m². "House" at an average price of R 146 659 / m² has the most expensive price and would be directed at more affluent cities.