The prices in real estate in Greyton, in the Western Cape region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Greyton has had a strong decrease during the last 6 months. In November, the average price per m² was R 11 517. In the following month the price per m² increased considerably to R 14 414. The price for the following two months in (January, February) had a considerable decrease of 23 with regard to the prior two months. 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 7 998,75 to R 7 954 during March y April
Based upon to the price in Greyton (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 4 062 500. In December This price remains at R 4 168 000. During the following two months (January, February) the average price had a considerable reduction of 52 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from R 3 119 152,75 to R 2 783 000 in March and April.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 28 % more costly than the average price of R 3 521 255 in Greyton. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 61 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 2 bedrooms are 0 % more costly than the average price of (R 7 862 / m²) in Greyton. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 44837 % more costly than the average value aforementioned.