The prices in real estate in Melmoth, in the Kwazulu-natal region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Melmoth has had a strong decrease during the last 6 months. In October, the average price per m² was R 2 583. In November this price pretty much remained the same at a value of R 2 608 per m². The price for the following two months in (December, January) had a considerable decrease of 73 with regard to the prior two months. The price per m² has had a considerable deflation of 37 % 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 2 249 to R 826 during February, and March.
Based upon to the price in Melmoth (cities & towns), this has gone up considerably in the last 6 months. The average price for October is R 1 180 938. During November the price had a slight fall till R 1 088 750. During the following two months (December, January) the average price had a considerable increase of 121 % 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 123 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 17 % more costly than the average price of R 1 801 734 in Melmoth. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 17 % more expensive than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 581105 % more costly than the average price of (R 1 801 734 / m²) in Melmoth. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 581105 % more costly than the average value aforementioned.