The prices in real estate in Dullstroom, in the Mpumalanga 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 Dullstroom has had a strong decrease during the last 6 months. In October, the average price per m² was R 5 531. In the following month the price per m² decreased considerably to R 4 389. In the following two months the price per m² has barely changed, going from R 4 960 to R 4 837,5 per m². The price per m² has decreased 90 % 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 4 898,75 to R 4 432,5 during February, and March.
Based upon to the price in Dullstroom (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 2 516 667, rising in November till R 2 693 750. During the following two months (December, January) the average price had a considerable increase of 125 % 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 2 931 771 and R 2 860 000 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 320 000 they are 82 % more affordable than the average price for Dullstroom. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 220 301.
With regard to the average price per m² , those properties with 2 bedrooms are the most costly ones at a cost of R 5 387 / m², with an average R 5 214 / m² price in Dullstroom. The properties with the highest average prices have 1 bedroom. They are 3869 % more expensive than the average followed by properties with 3 bedrooms with a price at R 6 202 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 320 000 it is 86 % cheaper than the average price in Dullstroom. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of R 471 189 it is 17 % 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 5 435 / m² followed by "Apartment" priced at R 7 776 / m². "Land" is the most costly type of property with a R 252 293 / m² cost followed by "Apartment" with an average price of R 7 776 / m².