The prices in real estate in Kempton Park, in the Gauteng 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 Kempton Park has remained the same in the last 6 months. In December, the average price per m² was R 8 304. In the following month the price per m² increased to R 9 055. In the following two months the price per m² has barely changed, going from R 8 679,5 to R 8 661 per m². The price per m² has decreased 94 % 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 8 670,25 to R 8 160 during April, and May.
Based upon to the price in Kempton Park (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is R 1 655 210. During January the price went through a considerable rise reaching R 2 086 358. In the following two months the average price has remained the same with regard to the previous two months from R 1 870 784 to R 1 808 496,5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 1 795 663 they are 74 % more affordable than the average price for Kempton Park. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 386 438.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 6 574 / m², with an average R 8 005 / m² price in Kempton Park. The properties with the highest average prices have 2 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at R 9 496 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 1 795 663 it is 73 % cheaper than the average price in Kempton Park. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of R 4 313 571 it is 354 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of R 3 167 / m² followed by "Commercial" priced at R 4 465 / m². "Apartment" is the most costly type of property with a R 10 095 / m² cost followed by "Townhouse" with an average price of R 9 501 / m².