The prices in real estate in Melkbosstrand, 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 Melkbosstrand has remained the same in the last 6 months. In October, the average price per m² was R 22 667. In November this price pretty much remained the same at a value of R 23 600 per m². In the following two months the price per m² has barely changed, going from R 23 133,5 to R 22 043,5 per m². The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 22 588,5 to R 23 356,5 during February y March
Based upon to the price in Melkbosstrand (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 5 546 840. During November the price went through a considerable rise reaching R 6 545 706. During the following two months (December, January) the average price had a considerable increase of 126 % 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 risen strongly 116 % 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 8 282 500 they are 81 % more affordable than the average price for Melkbosstrand. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 985 266.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 21 840 / m², with an average R 24 311 / m² price in Melkbosstrand. The properties with the highest average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 1 bedroom with a price at R 31 846 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 8 282 500 it is 76 % cheaper than the average price in Melkbosstrand. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of R 4 944 788 it is 12 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 15 588 / m² followed by "House" priced at R 23 080 / m². "Farm" is the most costly type of property with a R 147 675 / m² cost followed by "Apartment" with an average price of R 28 860 / m².