The prices in real estate in Durbanville, in the Western Cape 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
The price per m² in Durbanville has fallen in the last 6 months. In October, the average price per m² was R 18 298. In November this price pretty much remained the same at a value of R 17 906 per m². In the following two months the price per m² has barely changed, going from R 18 102 to R 17 292 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 17 697 to R 16 987 during February y March
Based upon to the price in Durbanville (cities & towns), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is R 2 870 389. In November This price remains at R 2 809 714. During the following two months (December, January) the average price had a considerable increase of 120 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 3 611 776 they are 71 % more affordable than the average price for Durbanville. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 939 919.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 13 935 / m², with an average R 16 667 / m² price in Durbanville. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at R 20 348 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 3 611 776 it is 75 % cheaper than the average price in Durbanville. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of R 4 199 283 it is 18 % 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 15 196 / m² followed by "Flat" priced at R 16 461 / m². "Commercial" is the most costly type of property with a R 4 199 283 / m² cost followed by "Townhouse" with an average price of R 21 003 / m².