The prices in real estate in De Deur, in the Gauteng region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in De Deur has increased strongly during the last 6 months. In March, the average price per m² was R 3 850. In the following month the price per m² increased considerably to R 4 532. The price for the following two months in (May, June) had a considerable decrease of 62 with regard to the prior two months. The price per m² has had a considerable increase of 3387 % 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 3 398 to R 115 095,5 during July, and August.
Based upon to the price in De Deur (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is R 1 759 167. In April This price remains at R 1 751 000. During the following two months (May, June) the average price had a considerable reduction of 50 % 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 1 319 375 to R 816 827, which means a 62 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 883 547 they are 46 % more affordable than the average price for De Deur. The properties with the highest average price have 4 bedrooms, Their price is 126 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 934 536.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 691 / m², with an average R 114 979 / m² price in De Deur. The properties with the highest average prices have 1 bedroom. They are 1583 % more expensive than the average followed by properties with 2 bedrooms with a price at R 11 541 / m².
With regard to the average price based upon the property in De Deur we can see that the cheapest property type is "House" at a price of R 595 592, they are 33 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 33 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of R 9 185 / m². "House" with an average cost of R 9 185 / m² has the lowest price and would be directed at less affluent cities.