The prices in real estate in Ladysmith, in the Kwazulu-natal region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Ladysmith has increased during the last 6 months. In October, the average price per m² was R 1 389. In the following month the price per m² increased considerably to R 1 639. In the following two months the price per m² has barely changed, going from R 1 514 to R 1 490 per m². The price per m² has increased 107 % 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 1 502 to R 1 611,5 during February, and March.
Based upon to the price in Ladysmith (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 1 257 875. In November This price remains at R 1 259 545. During the following two months (December, January) the average price had a considerable increase of 118 % 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 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 433 429 they are 52 % more affordable than the average price for Ladysmith. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 323 296.
With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 2 965 / m², with an average R 1 696 / m² price in Ladysmith. The properties with the highest average prices have 1 bedroom. They are 56107 % more expensive than the average followed by properties with 2 bedrooms with a price at R 5 481 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 1 433 429 it is 37 % cheaper than the average price in Ladysmith. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 1 075 606 it is 104 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Townhouse" at an average cost of R 7 317 / m² followed by "House" priced at R 316 228 / m². "Farm" is the most costly type of property with a R 2 582 218 / m² cost followed by "House" with an average price of R 316 228 / m².