The prices in real estate in Jeffreys Bay, in the Eastern 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 Jeffreys Bay has remained the same in the last 6 months. In October, the average price per m² was R 10 305. In the following month the price per m² increased to R 11 197. In the following two months the price per m² has increased 109 %, going from R 10 751 to R 11 770 per m². The price per m² has had a considerable deflation of 78 % 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 11 260,5 to R 8 747,5 during February, and March.
Based upon to the price in Jeffreys Bay (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 2 684 974. In November This price remains at R 2 602 400. In the following two months the average price has remained the same with regard to the previous two months from R 2 643 687 to R 2 521 768,5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from R 2 582 727,75 to R 2 440 850 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 474 156 they are 65 % more affordable than the average price for Jeffreys Bay. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 339 796.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 6 278 / m², with an average R 6 581 / m² price in Jeffreys Bay. The properties with the highest average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 197 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 2 474 156 it is 54 % cheaper than the average price in Jeffreys Bay. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 2 815 181 it is 52 % 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 9 119 / m² followed by "House" priced at R 9 324 / m². "Commercial" is the most costly type of property with a R 3 748 726 / m² cost followed by "Flat" with an average price of R 1 536 241 / m².