The prices in real estate in Greenstone Hill, in the Gauteng 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 Greenstone Hill has increased during the last 6 months. In March, the average price per m² was R 12 179. In April this price pretty much remained the same at a value of R 12 582 per m². In the following two months the price per m² has increased 107 %, going from R 12 380,5 to R 13 289 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 12 834,75 to R 13 424 during July y August
Based upon to the price in Greenstone Hill (cities & towns), this has gone downing the last 6 months. The average price for March is R 1 778 316. During April the price had a slight fall till R 1 615 350. During the following two months (May, June) the average price had a considerable reduction of 85 % 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 1 568 374,5 and R 1 633 664,5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 661 447 they are 52 % more affordable than the average price for Greenstone Hill. The properties with the highest average price have 4 bedrooms, Their price is 151 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 713 445.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 11 184 / m², with an average R 13 481 / m² price in Greenstone Hill. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at R 13 636 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 661 447 it is 18 % cheaper than the average price in Greenstone Hill. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Flat". At a price of R 2 005 121 it is 147 % 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 11 070 / m² followed by "Apartment" priced at R 13 474 / m². "Flat" is the most costly type of property with a R 1 947 087 / m² cost followed by "Land" with an average price of R 1 864 504 / m².