The prices in real estate in Humansdorp, in the Eastern 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 Humansdorp has had a strong decrease during the last 6 months. In October, the average price per m² was R 3 527. In the following month the price per m² decreased considerably to R 2 977. The price for the following two months in (December, January) had a considerable decrease of 61 with regard to the prior two months. The price per m² has had a considerable deflation of 67 % 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 2 623 to R 1 751 during February, and March.
Based upon to the price in Humansdorp (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 1 685 481. During November the price had a slight fall till R 1 522 280. During the following two months (December, January) the average price fell 86 % 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 94 %, going from R 1 489 865,25 to R 1 397 816,5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 477 941 they are 60 % more affordable than the average price for Humansdorp. The properties with the highest average price have 1 bedroom, Their price is 4883 % more costly than the average. After that we have properties with 4 bedrooms priced at R 2 931 497.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of R 5 059 / m², with an average R 1 578 / m² price in Humansdorp. The properties with the highest average prices have 1 bedroom. They are 4666738 % more expensive than the average followed by properties with 4 bedrooms with a price at R 8 665 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 477 941 it is 67 % cheaper than the average price in Humansdorp. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 1 103 784 it is 33363 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Townhouse" at an average cost of R 3 499 / m² followed by "Apartment" priced at R 5 262 / m². "Farm" is the most costly type of property with a R 493 275 766 / m² cost followed by "House" with an average price of R 560 929 / m².