Property prices for sale in Midvaal (Gauteng)

The prices in real estate in Midvaal, in the Gauteng region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

R 3 529 804
Average price last 6 months
R 94 472,17
Price/m² last 6 months
Average price per m2

The price per m² in Midvaal has increased strongly during the last 6 months. In September, the average price per m² was R 14 518. In the following month the price per m² decreased to R 13 144. The price for the following two months in (November, December) had a considerable decrease of 79 with regard to the prior two months. The price per m² has had a considerable increase of 2084 % 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 12 408,25 to R 258 600 during January, and February.

Average price

Based upon to the price in Midvaal (cities & towns), these have remained the same in the last 6 months. In our first sample month during September, the average price is R 3 611 667. In October This price remains at R 3 563 045. In the following two months the average price has remained the same with regard to the previous two months from R 3 587 356 to R 3 598 654,5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from R 3 593 005,25 to R 3 403 401,5 in January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 3 328 375 they are 54 % more affordable than the average price for Midvaal. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 281 781.

With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of R 10 769 / m², with an average R 8 089 / m² price in Midvaal. The properties with the highest average prices have 1 bedroom. They are 112 % more expensive than the average followed by properties with 2 bedrooms with a price at R 15 344 / m².

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 3 328 375 it is 53 % cheaper than the average price in Midvaal. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of R 32 224 347 it is 7324 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "Townhouse" at an average cost of R 10 717 / m² followed by "House" priced at R 11 245 / m². "Land" is the most costly type of property with a R 247 109 571 / m² cost followed by "Commercial" with an average price of R 32 224 347 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Midvaal
Number of properties used in region Gauteng
R 3 328 375
R 8 089
304
615 080
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value