The prices in real estate in Meyerton, in the Gauteng 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 Meyerton has increased during the last 6 months. In July, the average price per m² was R 342 001. In the following month the price per m² decreased to R 302 944. In the following two months the price per m² has barely changed, going from R 322 472,5 to R 322 773,5 per m². The price per m² has had a considerable increase of 141 % 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 322 623 to R 453 939,5 during November, and December.
Based upon to the price in Meyerton (cities & towns), this has gone downing the last 6 months. The average price during our first sample month during July, is R 1 531 586. During August the price went through a considerable rise reaching R 1 933 538. During the following two months (September, October) the average price had a considerable reduction of 66 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 1 434 397,5 to R 1 213 357, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 226 619 they are 39 % more affordable than the average price for Meyerton. The properties with the highest average price have 4 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 522 292.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 2 764 / m², with an average R 425 705 / m² price in Meyerton. The properties with the highest average prices have 1 bedroom. They are 90 % more expensive than the average followed by properties with 2 bedrooms with a price at R 7 593 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 226 619 it is 64 % cheaper than the average price in Meyerton. "Apartment" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of R 2 651 794 it is 143 % 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 7 231 / m² followed by "Apartment" priced at R 12 075 / m². "Farm" is the most costly type of property with a R 2 862 067 / m² cost followed by "Commercial" with an average price of R 916 502 / m².