The prices in real estate in Kleinmond, in the Western Cape 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 Kleinmond has fallen in the last 6 months. In October, the average price per m² was R 9 812. In November this price pretty much remained the same at a value of R 9 608 per m². In the following two months the price per m² has barely changed, going from R 9 710 to R 9 474,5 per m². The price per m² has decreased 91 % 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 9 592,25 to R 8 731,5 during February, and March.
Based upon to the price in Kleinmond (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 2 545 313. In November This price remains at R 2 539 613. In the following two months the average price has remained the same with regard to the previous two months from R 2 542 463 to R 2 454 600,5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 2 730 825 they are 65 % more affordable than the average price for Kleinmond. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 116 945.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 9 079 / m², with an average R 8 336 / m² price in Kleinmond. The properties with the highest average prices have 1 bedroom. They are 193 % more expensive than the average followed by properties with 3 bedrooms with a price at R 10 433 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 730 825 it is 76 % cheaper than the average price in Kleinmond. "Flat" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of R 1 142 009 it is 16 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of R 9 993 / m² followed by "Apartment" priced at R 12 755 / m². "Land" is the most costly type of property with a R 662 590 / m² cost followed by "Flat" with an average price of R 350 536 / m².