The prices in real estate in Clarens, in the Free State 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 Clarens has had a strong decrease during the last 6 months. In October, the average price per m² was R 9 803. In the following month the price per m² decreased considerably to R 7 349. The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per m² has had a considerable deflation of 68 % 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 7 396,75 to R 5 017,5 during February, and March.
Based upon to the price in Clarens (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 2 906 622. In November This price remains at R 2 852 115. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 2 729 187,75 and R 2 648 931,5 between February and March.