The prices in real estate in Boksburg, in the Gauteng 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 Boksburg has remained the same in the last 6 months. In October, the average price per m² was R 9 080. In November this price pretty much remained the same at a value of R 9 134 per m². In the following two months the price per m² has increased 109 %, going from R 9 107 to R 9 898,5 per m². The price per m² has had a considerable deflation of 79 % 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 9 502,75 to R 7 508,5 during February, and March.
Based upon to the price in Boksburg (cities & towns), this has gone downing the last 6 months. The average price for October is R 1 229 701. During November the price had a considerable reduction till R 987 574. In the following two months the average price has remained the same with regard to the previous two months from R 1 108 637,5 to R 1 065 813. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 260 001 they are 60 % more affordable than the average price for Boksburg. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 342 509.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 3 198 / m², with an average R 5 615 / m² price in Boksburg. The properties with the highest average prices have 1 bedroom. They are 68 % more expensive than the average followed by properties with 2 bedrooms with a price at R 6 889 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 260 001 it is 50 % cheaper than the average price in Boksburg. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of R 4 769 853 it is 9145 % 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 3 790 / m² followed by "Commercial" priced at R 6 130 / m². "Land" is the most costly type of property with a R 116 493 190 / m² cost followed by "Apartment" with an average price of R 8 653 / m².