The prices in real estate in Greenstone Hill, 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 Greenstone Hill has remained the same in the last 6 months. In October, the average price per m² was R 12 810. In November this price pretty much remained the same at a value of R 12 931 per m². In the following two months the price per m² has barely changed, going from R 12 870,5 to R 12 998,5 per m². The price per m² has decreased 95 % 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 12 934,5 to R 12 284 during February, and March.
Based upon to the price in Greenstone Hill (cities & towns), these have remained the same in the last 6 months. The average price for October is R 1 591 343. During November the price had a slight fall till R 1 390 975. During the following two months (December, January) 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 risen strongly 121 % 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 1 778 316 they are 57 % more affordable than the average price for Greenstone Hill. The properties with the highest average price have 4 bedrooms, Their price is 120 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 971 027.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 10 695 / m², with an average R 12 179 / m² price in Greenstone Hill. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at R 12 196 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 778 316 it is 35 % cheaper than the average price in Greenstone Hill. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Flat". At a price of R 2 015 181 it is 130 % 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 10 520 / m² followed by "Townhouse" priced at R 12 922 / m². "Flat" is the most costly type of property with a R 1 956 853 / m² cost followed by "Land" with an average price of R 1 873 857 / m².