The prices in real estate in Hopefield, 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 Hopefield has had a strong decrease during the last 6 months. In September, the average price per m² was R 7 516. In the following month the price per m² decreased to R 6 512. The price for the following two months in (November, December) had a considerable decrease of 78 with regard to the prior two months. The price per m² has had a considerable deflation of 80 % 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 6 250 to R 4 975,5 during January, and February.
Based upon to the price in Hopefield (cities & towns), this has gone up in the last 6 months. The average price for September is R 1 647 600. During October the price had a slight fall till R 1 547 667. During the following two months (November, December) the average price had a considerable increase of 116 % 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 122 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 79 % cheaper than the average price of R 434 308 in Hopefield. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 79 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 223 % more costly than the average price of (R 12 053 / m²) in Hopefield. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 223 % more costly than the average value aforementioned.