The prices in real estate in Cullinan, in the Gauteng 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 Cullinan has remained the same in the last 6 months. In March, the average price per m² was R 4 750. In the following month the price per m² decreased considerably to R 3 327. In the following two months the price per m² has increased 111 %, going from R 4 038,5 to R 4 487,5 per m². The price per m² has had a considerable increase of 138 % 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 4 263 to R 5 890,5 during July, and August.
Based upon to the price in Cullinan (cities & towns), this has gone downing the last 6 months. The average price for March is R 1 842 406. During April the price had a slight fall till R 1 618 810. In the following two months the average price has remained the same with regard to the previous two months from R 1 730 608 to R 1 744 211,5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from R 1 737 409,75 to R 1 644 725 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 649 950 they are 59 % more affordable than the average price for Cullinan. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 678 978.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 453 / m², with an average R 6 355 / m² price in Cullinan. The properties with the highest average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at R 8 245 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 649 950 it is 34 % cheaper than the average price in Cullinan. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Apartment". At a price of R 2 197 611 it is 136 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 5 157 / m² followed by "Farm" priced at R 7 872 / m². "Apartment" is the most costly type of property with a R 1 531 393 / m² cost followed by "Townhouse" with an average price of R 10 475 / m².