The prices in real estate in Ebony Park, in the Gauteng 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 Ebony Park has had a strong decrease during the last 6 months. In November, the average price per m² was R 13 482. In the following month the price per m² decreased considerably to R 7 989. The price for the following two months in (January, February) decreased 94 % 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 10 386,75 to R 6 626,5 during March, and April.
Based upon to the price in Ebony Park (cities & towns), these have remained the same in the last 6 months. The average price for November is R 1 153 333. During December the price had a slight fall till R 1 010 238. During the following two months (January, February) the average price had a considerable increase of 169 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 1 456 751,25 to R 506 666,5, which means a 35 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 2 bedrooms. It is 19 % cheaper than the average price of R 818 448 in Ebony Park. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 45 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 33 % more costly than the average price of (R 17 635 / m²) in Ebony Park. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 10988 % more costly than the average value aforementioned.