The prices in real estate in Caledon, in the Western Cape region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Caledon has had a strong decrease during the last 6 months. In October, the average price per m² was R 11 539. In November this price pretty much remained the same at a value of R 11 653 per m². The price for the following two months in (December, January) had a considerable decrease of 68 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 9 731,25 to during February, and March.
Based upon to the price in Caledon (cities & towns), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is R 2 077 765. During November the price went through a considerable rise reaching R 2 904 143. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 2 334 293,75 to , which means a 0 % fall.