Property prices for sale in Despatch (Eastern Cape)

The prices in real estate in Despatch, in the Eastern Cape region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

R 1 140 812
Average price last 6 months
R 3 254,67
Price/m² last 6 months
Average price per m2

The price per m² in Despatch has remained the same in the last 6 months. In September, the average price per m² was R 3 350. In the following month the price per m² increased considerably to R 5 469. The price for the following two months in (November, December) had a considerable decrease of 68 with regard to the prior two months. The price per m² has had a considerable deflation of 64 % 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 3 698,25 to R 2 367,5 during January, and February.

Average price

Based upon to the price in Despatch (cities & towns), this has fallen considerably in the last 6 months. The average price for September is R 1 306 486. During October the price had a considerable reduction till R 975 028. In the following two months the average price has remained the same with regard to the previous two months from R 1 140 757 to R 1 124 082,5. 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 1 132 419,75 and R 1 157 596,5 between January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 142 667 they are 42 % more affordable than the average price for Despatch. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 264 826.

With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of R 6 170 / m², with an average R 3 140 / m² price in Despatch. The properties with the highest average prices have 1 bedroom. They are 40181 % more expensive than the average followed by properties with 2 bedrooms with a price at R 6 632 / m².

Price per property type

The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 142 667 it is 39 % cheaper than the average price in Despatch. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 692 004 it is 9 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "Townhouse" at an average cost of R 8 182 / m² followed by "House" priced at R 664 538 / m². "House" is the most costly type of property with a R 664 538 / m² cost followed by "Townhouse" with an average price of R 8 182 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Despatch
Number of properties used in region Eastern Cape
R 1 142 667
R 3 140
292
31 594
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value