The prices in real estate in Ekurhuleni, in the Gauteng 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 Ekurhuleni has fallen in the last 6 months. In May, the average price per m² was R 3 224. In the following month the price per m² decreased to R 2 982. The price for the following two months in (July, August) had a considerable decrease of 82 with regard to the prior two months. The price per m² has increased 106 % 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 2 828,5 to R 2 994,5 during September, and October.
Based upon to the price in Ekurhuleni (cities & towns), this has gone up in the last 6 months. In our first sample month during May, the average price is R 1 367 350. In June This price remains at R 1 419 284. During the following two months (July, August) the price has had an average incrementation from R 1 393 317 to R 1 477 668. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of R 1 586 274 in Ekurhuleni. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (R 3 077 / m²) in Ekurhuleni. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Ekurhuleni we can see that the cheapest property type is "House" at a price of R 1 586 274, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of R 3 077 / m². "House" with an average cost of R 3 077 / m² has the lowest price and would be directed at less affluent cities.