Property prices for sale in East Rand (Gauteng)

The prices in real estate in East Rand, 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.

R 262 237 592,67
Average price last 6 months
R 73 057,5
Price/m² last 6 months
Average price per m2

The price per m² in East Rand has increased strongly during the last 6 months. In December, the average price per m² was R 7 147. In the following month the price per m² increased considerably to R 72 151. The price for the following two months in (February, March) had a considerable increment of 212 %. The price per m² has had a considerable increase of 155 % 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 61 770,25 to R 95 632 during April, and May.

Average price

Based upon to the price in East Rand (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is R 5 126 864. During January the price went through a considerable rise reaching R 261 416 449. During the following two months (February, March) the average price had a considerable increase of 229 % 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 risen strongly 159 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 4 % cheaper than the average price of R 335 239 944 in East Rand. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.

With regard to the average prices per m² those properties with 1 bedroom are 0 % more costly than the average price of (R 95 677 / m²) in East Rand. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % more costly than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Industrial property" as the most affordable one. At an cost of R 348 488 598 it is 25 % cheaper than the average price in East Rand. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial Property". At a price of R 332 127 060 it is 4 % more affordable than the average price.

According to the average cost per m², the cheapest property type is "Industrial property" at an average cost of R 71 860 / m² followed by "Commercial Property" priced at R 93 334 / m². "Apartment" is the most costly type of property with a R 95 677 / m² cost followed by "Commercial Property" with an average price of R 93 334 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in East Rand
Number of properties used in region Gauteng
R 348 488 598
R 95 632
278
490 168
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value