The prices in real estate in Franschhoek, in the Western Cape 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 Franschhoek has fallen in the last 6 months. In October, the average price per m² was R 23 047. In the following month the price per m² decreased to R 20 852. In the following two months the price per m² has barely changed, going from R 21 949,5 to R 22 588 per m². The price per m² has decreased 90 % 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 22 268,75 to R 20 140,5 during February, and March.
Based upon to the price in Franschhoek (cities & towns), this has gone downing the last 6 months. The average price for October is R 10 030 466. During November the price had a slight fall till R 8 776 567. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 9 093 527 and R 9 390 916 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 9 931 920 they are 62 % more affordable than the average price for Franschhoek. The properties with the lowest average price have 3 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 4 bedrooms priced at R 9 665 325.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of R 20 428 / m², with an average R 19 258 / m² price in Franschhoek. The properties with the highest average prices have 1 bedroom. They are 44437 % more expensive than the average followed by properties with 2 bedrooms with a price at R 34 622 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 9 931 920 it is 67 % cheaper than the average price in Franschhoek. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Apartment". At a price of R 12 496 626 it is 382 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of R 807 237 / m² followed by "Flat" priced at R 2 590 433 / m². "Farm" is the most costly type of property with a R 43 702 038 / m² cost followed by "Apartment" with an average price of R 10 897 361 / m².