Property prices for sale in La Mercy (Kwazulu-natal)
The prices in real estate in La Mercy, in the Kwazulu-natal 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 La Mercy has remained the same in the last 6 months. In March, the average price per m² was R 15 626. In April this price pretty much remained the same at a value of R 15 907 per m². The price for the following two months in (May, June) decreased 91 % with regard to the prior two months. The price per m² has had a considerable increase of 115 % 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 15 068,5 to R 17 351,5 during July, and August.
Based upon to the price in La Mercy (cities & towns), this has gone up considerably in the last 6 months. The average price for March is R 2 260 714. During April the price had a slight fall till R 2 134 167. During the following two months (May, June) the average price had a considerable increase of 132 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 2 651 875 they are 59 % more affordable than the average price for La Mercy. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 370 194.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 7 143 / m², with an average R 17 948 / m² price in La Mercy. The properties with the lowest average prices have 1 bedroom. They are 7 % cheaper than the average followed by properties with 2 bedrooms with a price at R 16 010 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 651 875 it is 47 % cheaper than the average price in La Mercy. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Flat". At a price of R 2 512 792 it is 3 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 6 030 / m² followed by "Townhouse" priced at R 11 217 / m². "Flat" is the most costly type of property with a R 2 512 792 / m² cost followed by "Land" with an average price of R 1 395 433 / m².
