Property prices for sale in City Of Johannesburg Metro (Gauteng)
The prices in real estate in City Of Johannesburg Metro, in the Gauteng 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 City Of Johannesburg Metro has had a strong decrease during the last 6 months. In March, the average price per m² was R 6 577. In the following month the price per m² decreased considerably to . In the following two months the price per m² has barely changed, going from R 3 288,5 to R 3 285 per m². The price per m² has had a considerable increase of 200 % 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 3 286,75 to R 6 570 during July, and August.
Based upon to the price in City Of Johannesburg Metro (cities & towns), this has fallen considerably in the last 6 months. The average price for March is R 813 370. During April the price had a considerable reduction till . In the following two months the average price has remained the same with regard to the previous two months from R 406 685 to R 406 278. Based on an analysis of the first four prices and the last two months the average price has risen strongly 200 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of R 812 556 they are 108 % more expensive than the average price for City Of Johannesburg Metro. Following this ranking we find those properties with 1 at an average price of R 1 702 371. The properties with the highest average price have 2 bedrooms, Their price is 198 % more costly than the average. After that we have properties with 4 bedrooms priced at R 1 913 384.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 7 199 / m², with an average R 6 570 / m² price in City Of Johannesburg Metro. The properties with the highest average prices have 1 bedroom. They are 397 % more expensive than the average followed by properties with 2 bedrooms with a price at R 27 455 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of R 812 556 it is 79 % more expensive than the average price in City Of Johannesburg Metro. "House" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Flat". At a price of R 2 032 448 it is 210 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of R 6 639 / m² followed by "Office" priced at R 9 703 / m². "Apartment" is the most costly type of property with a R 31 437 / m² cost followed by "Flat" with an average price of R 25 949 / m².
