The prices in real estate in Isipingo, in the Kwazulu-natal 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 Isipingo has fallen in the last 6 months. In October, the average price per m² was R 8 675. In the following month the price per m² decreased to R 8 108. The price for the following two months in (December, January) decreased 87 % with regard to the prior two months. The price per m² has increased 107 % 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 7 828 to R 8 372,5 during February, and March.
Based upon to the price in Isipingo (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 1 097 040. During November the price went through a considerable rise reaching R 1 828 250. During the following two months (December, January) the price has had an average incrementation from R 1 462 645 to R 1 586 235,5. During the last two months the average price has had a strong fall compared to the previous four going from R 1 524 440,25 to R 791 233,5, which means a 52 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of R 659 667 they are 45 % more expensive than the average price for Isipingo. Following this ranking we find those properties with 2 at an average price of R 3 299 697. The properties with the highest average price have 2 bedrooms, Their price is 400 % more costly than the average. After that we have properties with 1 bedroom priced at R 954 756.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of R 954 756 / m², with an average R 9 254 / m² price in Isipingo. The properties with the highest average prices have 2 bedrooms. They are 35557 % more expensive than the average followed by properties with 1 bedroom with a price at R 954 756 / m².
With regard to the average price based upon the property in Isipingo we can see that most expensive property type is "House" at a price of R 3 299 697, they are 400 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 400 % more expensive than the average price aforementioned.
According to the average area price by m² the most costly property type is "House with an average price of R 3 299 697 / m². "House" at an average price of R 3 299 697 / m² has the most expensive price and would be directed at more affluent cities.