The prices in real estate in Hermanus, 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 Hermanus has remained the same in the last 6 months. In October, the average price per m² was R 18 034. In November this price pretty much remained the same at a value of R 18 918 per m². In the following two months the price per m² has barely changed, going from R 18 476 to R 19 148,5 per m². The price per m² has decreased 93 % 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 18 812,25 to R 17 481 during February, and March.
Based upon to the price in Hermanus (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 4 200 525. In November This price remains at R 4 400 963. In the following two months the average price has remained the same with regard to the previous two months from R 4 300 744 to R 4 340 681,5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 4 870 088 they are 50 % more affordable than the average price for Hermanus. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at R 4 569 046.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 13 588 / m², with an average R 16 570 / m² price in Hermanus. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 756 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 4 870 088 it is 76 % cheaper than the average price in Hermanus. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of R 3 342 188 it is 6 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Farm" at an average cost of R 14 475 / m² followed by "Townhouse" priced at R 15 060 / m². "Land" is the most costly type of property with a R 2 682 410 / m² cost followed by "Flat" with an average price of R 609 415 / m².