Property prices for sale in Midvaal (Gauteng)
The prices in real estate in Midvaal, in the Gauteng region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Midvaal has fallen in the last 6 months. In March, the average price per m² was R 10 088. In the following month the price per m² decreased considerably to . The price for the following two months in (May, June) had a considerable increment of 214 %. The price per m² has had a considerable increase of 145 % 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 7 914,75 to R 11 477 during July, and August.
Based upon to the price in Midvaal (cities & towns), these have remained the same in the last 6 months. The average price for March is R 4 650 000. During April the price had a considerable reduction till . During the following two months (May, June) the average price had a considerable increase of 236 % 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 164 % 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 6 382 909 they are 76 % more affordable than the average price for Midvaal. The properties with the lowest average price have 4 bedrooms, Their price is 27 % cheaper than the average. After that we have properties with 3 bedrooms priced at R 2 270 393.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 10 714 / m², with an average R 11 027 / m² price in Midvaal. The properties with the highest average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at R 15 264 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 6 382 909 it is 76 % 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 32 063 548 it is 3752 % 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 10 662 / m² followed by "House" priced at R 11 185 / m². "Land" is the most costly type of property with a R 245 876 501 / m² cost followed by "Commercial" with an average price of R 32 063 548 / m².
