The prices in real estate in Marloth Park, in the Mpumalanga 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 Marloth Park has remained the same in the last 6 months. In October, the average price per m² was R 2 863. In the following month the price per m² increased to R 3 245. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per m² has decreased 86 % 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 2 910,5 to R 2 516 during February, and March.
Based upon to the price in Marloth Park (cities & towns), this has gone downing the last 6 months. The average price for October is R 2 268 447. During November the price had a slight fall till R 2 074 282. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 2 116 384,75 and R 2 187 554,5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 204 059 they are 36 % more affordable than the average price for Marloth Park. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 162 888.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of R 782 / m², with an average R 2 326 / m² price in Marloth Park. The properties with the highest average prices have 3 bedrooms. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at R 2 755 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 204 059 it is 83 % cheaper than the average price in Marloth Park. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of R 369 542 it is 0 % 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 2 326 / m² followed by "Land" priced at R 369 542 / m². "Land" is the most costly type of property with a R 369 542 / m² cost followed by "House" with an average price of R 2 326 / m².