The prices in real estate in Garden Route, in the Western Cape region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Garden Route has increased during the last 6 months. In October, the average price per m² was R 15 575. In the following month the price per m² increased to R 16 845. In the following two months the price per m² has increased 109 %, going from R 16 210 to R 17 748 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 16 979 to R 17 016 during February y March
Based upon to the price in Garden Route (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 3 557 484. In November This price remains at R 3 562 638. In the following two months the average price has remained the same with regard to the previous two months from R 3 560 061 to R 3 721 991. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 4 138 184 they are 68 % more affordable than the average price for Garden Route. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 172 175.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 16 721 / m², with an average R 17 107 / m² price in Garden Route. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at R 19 626 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 4 138 184 it is 62 % cheaper than the average price in Garden Route. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 2 724 535 it is 4 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 16 474 / m² followed by "Townhouse" priced at R 18 692 / m². "Apartment" is the most costly type of property with a R 23 005 / m² cost followed by "Flat" with an average price of R 21 798 / m².