The prices in real estate in Kleinemonde, 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 Kleinemonde has increased strongly during the last 6 months. In November, the average price per m² was R 10 329. In the following month the price per m² decreased considerably to R 6 210. The price for the following two months in (January, February) had a considerable decrease of 70 with regard to the prior two months. The price per m² has had a considerable increase of 526 % 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 7 020,75 to R 36 933 during March, and April.
Based upon to the price in Kleinemonde (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 7 350 000. During December the price had a considerable reduction till R 4 750 000. During the following two months (January, February) the average price had a considerable reduction of 77 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 5 366 867 to R 3 570 900, which means a 67 % fall.