The prices in real estate in Eersterivier, in the Eastern Cape 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 Eersterivier has had a strong decrease during the last 6 months. In October, the average price per m² was R 13 242. In November this price pretty much remained the same at a value of R 13 336 per m². The price for the following two months in (December, January) had a considerable decrease of 78 with regard to the prior two months. The price per m² has had a considerable deflation of 72 % 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 11 820 to R 8 468,5 during February, and March.
Based upon to the price in Eersterivier (cities & towns), these have remained the same in the last 6 months. The average price for October is R 1 048 153. During November the price had a considerable reduction till R 860 368. During the following two months (December, January) the price has had an average incrementation from R 954 260,5 to R 1 058 805,5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 29 % more costly than the average price of R 993 837 in Eersterivier. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 29 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 11529 % more costly than the average price of (R 993 837 / m²) in Eersterivier. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 11529 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Eersterivier we can see that most expensive property type is "House" at a price of R 1 029 322, they are 34 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 34 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of R 294 754 / m². "House" at an average price of R 294 754 / m² has the most expensive price and would be directed at more affluent cities.