The prices in real estate in Fourways, 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 Fourways has remained the same in the last 6 months. In December, the average price per m² was R 12 234. In January this price pretty much remained the same at a value of R 12 777 per m². In the following two months the price per m² has increased 105 %, going from R 12 505,5 to R 13 157,5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 12 831,5 to R 12 537 during April y May
Based upon to the price in Fourways (cities & towns), these have remained the same in the last 6 months. In our first sample month during December, the average price is R 1 855 436. In January This price remains at R 1 918 933. During the following two months (February, March) the average price fell 94 % 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 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 225 615 they are 58 % more affordable than the average price for Fourways. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 227 769.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 11 550 / m², with an average R 12 335 / m² price in Fourways. The properties with the highest average prices have 1 bedroom. They are 1862 % more expensive than the average followed by properties with 3 bedrooms with a price at R 13 117 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 2 225 615 it is 53 % cheaper than the average price in Fourways. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of R 1 830 341 it is 54 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Property" at an average cost of R 12 039 / m² followed by "House" priced at R 12 519 / m². "Commercial" is the most costly type of property with a R 1 443 167 / m² cost followed by "Flat" with an average price of R 968 007 / m².