The prices in real estate in Mcgregor, in the Western Cape 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 Mcgregor has remained the same in the last 6 months. In November, the average price per m² was R 5 284. In the following month the price per m² decreased considerably to R 3 879. In the following two months the price per m² has barely changed, going from R 4 581,5 to R 4 441 per m². The price per m² has had a considerable increase of 137 % 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 4 511,25 to R 6 182,5 during March, and April.
Based upon to the price in Mcgregor (cities & towns), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is R 4 289 000. In December This price remains at R 4 220 556. During the following two months (January, February) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from R 3 874 524,5 to R 3 457 604 in March and April.