The prices in real estate in George, in the Western Cape 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 George has remained the same in the last 6 months. In September, the average price per m² was R 15 960. In October this price pretty much remained the same at a value of R 16 135 per m². In the following two months the price per m² has barely changed, going from R 16 047,5 to R 16 246 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 16 146,75 to R 15 511 during January y February
Based upon to the price in George (cities & towns), this has gone downing the last 6 months. The average price for September is R 3 384 824. During October the price had a slight fall till R 3 120 613. During the following two months (November, December) the average price fell 93 % 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 gone up 106 % 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 3 318 175 they are 50 % more affordable than the average price for George. The properties with the highest average price have 4 bedrooms, Their price is 74 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 240 937.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 9 678 / m², with an average R 15 759 / m² price in George. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at R 16 724 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 3 318 175 it is 49 % cheaper than the average price in George. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 1 905 168 it is 14 % 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 11 705 / m² followed by "Townhouse" priced at R 11 943 / m². "Commercial" is the most costly type of property with a R 1 764 330 / m² cost followed by "Apartment" with an average price of R 23 789 / m².