The prices in real estate in Camperdown, in the Kwazulu-natal 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 Camperdown has had a strong decrease during the last 6 months. In October, the average price per m² was R 46 816. In the following month the price per m² decreased considerably to R 23 130. The price for the following two months in (December, January) had a considerable decrease of 11 with regard to the prior two months. The price per m² has had a considerable deflation of 34 % 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 19 401,25 to R 6 507,5 during February, and March.
Based upon to the price in Camperdown (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 1 677 500. During November the price went through a considerable rise reaching R 2 180 556. During the following two months (December, January) the average price had a considerable increase of 118 % with regard to the previous two months. 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 displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 2 637 500 they are 18 % more affordable than the average price for Camperdown. The properties with the highest average price have 1 bedroom, Their price is 168 % more costly than the average. After that we have properties with 2 bedrooms priced at R 2 163 624.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of R 2 163 624 / m², with an average R 8 317 / m² price in Camperdown. The properties with the highest average prices have 1 bedroom. They are 84814 % more expensive than the average followed by properties with 2 bedrooms with a price at R 2 163 624 / m².
With regard to the average price based upon the property in Camperdown we can see that the cheapest property type is "House" at a price of R 2 163 624, they are 18 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 18 % 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 2 163 624 / m². "House" at an average price of R 2 163 624 / m² has the most expensive price and would be directed at more affluent cities.