Property prices for sale in Durban North (Kwazulu-natal)

The prices in real estate in Durban North, in the Kwazulu-natal region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

R 3 596 869,83
Average price last 6 months
R 14 270
Price/m² last 6 months
Average price per m2

The price per m² in Durban North has fallen in the last 6 months. In September, the average price per m² was R 15 007. In the following month the price per m² decreased to R 13 742. In the following two months the price per m² has increased 107 %, going from R 14 374,5 to R 15 351,5 per m². The price per m² has decreased 88 % 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 14 863 to R 13 084 during January, and February.

Average price

Based upon to the price in Durban North (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is R 3 014 712. During October the price went through a considerable rise reaching R 3 610 462. During the following two months (November, December) the price has had an average incrementation from R 3 312 587 to R 3 500 853,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 4 257 267 they are 73 % more affordable than the average price for Durban North. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at R 2 505 192.

With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 14 547 / m², with an average R 13 887 / m² price in Durban North. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 332 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 4 257 267 it is 50 % cheaper than the average price in Durban North. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 3 780 268 it is 89 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Commercial" at an average cost of R 7 294 / m² followed by "Flat" priced at R 11 696 / m². "Apartment" is the most costly type of property with a R 20 275 / m² cost followed by "Townhouse" with an average price of R 17 169 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Durban North
Number of properties used in region Kwazulu-natal
R 4 257 267
R 13 887
1 076
206 880
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value