The prices in real estate in King Williams Town, in the Eastern Cape region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in King Williams Town has increased strongly during the last 6 months. In November, the average price per m² was R 1 584. In the following month the price per m² increased to R 1 676. The price for the following two months in (January, February) had a considerable increment of 133 %. The price per m² has had a considerable increase of 117 % 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 1 902 to R 2 228 during March, and April.
Based upon to the price in King Williams Town (cities & towns), these have remained the same in the last 6 months. In our first sample month during November, the average price is R 1 282 500. In December This price remains at R 1 318 056. During the following two months (January, February) the price has had an average incrementation from R 1 300 278 to R 1 459 305,5. During the last two months the average price has had a strong fall compared to the previous four going from R 1 379 791,75 to R 953 333,5, which means a 69 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 75 % more costly than the average price of R 1 548 739 in King Williams Town. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 75 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 70781 % more costly than the average price of (R 1 548 739 / m²) in King Williams Town. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 70781 % more costly than the average value aforementioned.