The prices in real estate in Brackenfell, 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 Brackenfell has remained the same in the last 6 months. In October, the average price per m² was R 15 898. In the following month the price per m² decreased to R 14 935. In the following two months the price per m² has barely changed, going from R 15 416,5 to R 15 925,5 per m². The price per m² has increased 106 % 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 15 671 to R 16 669,5 during February, and March.
Based upon to the price in Brackenfell (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 1 963 788. In November This price remains at R 1 965 000. In the following two months the average price has remained the same with regard to the previous two months from R 1 964 394 to R 1 930 499,5. 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 2 119 908 they are 64 % more affordable than the average price for Brackenfell. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 212 145.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 12 218 / m², with an average R 16 228 / m² price in Brackenfell. The properties with the highest average prices have 2 bedrooms. They are 28 % more expensive than the average followed by properties with 1 bedroom with a price at R 18 075 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 2 119 908 it is 55 % cheaper than the average price in Brackenfell. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 2 616 559 it is 461 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Flat" at an average cost of R 14 459 / m² followed by "House" priced at R 14 512 / m². "Commercial" is the most costly type of property with a R 11 888 159 / m² cost followed by "Apartment" with an average price of R 20 863 / m².