The prices in real estate in Hilton, in the Kwazulu-natal 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 Hilton has remained the same in the last 6 months. In October, the average price per m² was R 12 215. In November this price pretty much remained the same at a value of R 12 596 per m². The price for the following two months in (December, January) decreased 85 % with regard to the prior two months. The price per m² has increased 110 % 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 11 487,75 to R 12 598 during February, and March.
Based upon to the price in Hilton (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 2 407 438, rising in November till R 2 618 369. During the following two months (December, January) the average price had a considerable increase of 125 % 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 127 % 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 3 664 962 they are 77 % more affordable than the average price for Hilton. The properties with the highest average price have 2 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 4 bedrooms priced at R 4 555 874.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 6 261 / m², with an average R 12 245 / m² price in Hilton. The properties with the highest average prices have 2 bedrooms. They are 117 % more expensive than the average followed by properties with 1 bedroom with a price at R 16 297 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 3 664 962 it is 65 % cheaper than the average price in Hilton. "Commercial" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 4 579 282 it is 206 % 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 5 021 / m² followed by "Townhouse" priced at R 6 168 / m². "Farm" is the most costly type of property with a R 11 230 916 / m² cost followed by "Apartment" with an average price of R 18 110 / m².