The prices in real estate in Hartbeespoort Dam Nature Reserve, in the North West region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Hartbeespoort Dam Nature Reserve has fallen in the last 6 months. In October, the average price per m² was R 10 618. In November this price pretty much remained the same at a value of R 10 713 per m². In the following two months the price per m² has barely changed, going from R 10 665,5 to R 10 306,5 per m². The price per m² has had a considerable deflation of 85 % 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 10 486 to R 8 873 during February, and March.
Based upon to the price in Hartbeespoort Dam Nature Reserve (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 3 217 681. In November This price remains at R 3 062 838. During the following two months (December, January) the average price fell 87 % 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 2 939 017,25 and R 2 851 212,5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 862 025 they are 70 % more affordable than the average price for Hartbeespoort Dam Nature Reserve. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 432 863.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 5 395 / m², with an average R 6 375 / m² price in Hartbeespoort Dam Nature Reserve. The properties with the highest average prices have 1 bedroom. They are 149 % more expensive than the average followed by properties with 2 bedrooms with a price at R 10 329 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 2 862 025 it is 59 % cheaper than the average price in Hartbeespoort Dam Nature Reserve. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Farm". At a price of R 7 636 376 it is 287 % 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 5 368 / m² followed by "Farm" priced at R 9 755 / m². "Commercial" is the most costly type of property with a R 12 557 / m² cost followed by "Townhouse" with an average price of R 10 485 / m².