The prices in real estate in Ekurhuleni, in the Gauteng region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Ekurhuleni has remained the same in the last 6 months. In September, the average price per m² was R 2 912. In the following month the price per m² increased to R 3 077. The price for the following two months in (November, December) had a considerable decrease of 82 with regard to the prior two months. The price per m² has had a considerable increase of 123 % 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 2 731,5 to R 3 362,5 during January, and February.
Based upon to the price in Ekurhuleni (cities & towns), this has gone downing the last 6 months. In our first sample month during September, the average price is R 1 546 730. In October This price remains at R 1 586 274. In the following two months the average price has remained the same with regard to the previous two months from R 1 566 502 to R 1 575 241. During the last two months the average price has had a strong fall compared to the previous four going from R 1 570 871,5 to R 1 134 094,5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 058 156 they are 66 % more affordable than the average price for Ekurhuleni. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 305 126.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 2 352 / m², with an average R 3 823 / m² price in Ekurhuleni. The properties with the highest average prices have 2 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at R 4 515 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 058 156 it is 53 % cheaper than the average price in Ekurhuleni. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of R 1 164 906 it is 14 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 2 899 / m² followed by "House" priced at R 3 585 / m². "Apartment" is the most costly type of property with a R 5 395 / m² cost followed by "House" with an average price of R 3 585 / m².