The prices in real estate in Milnerton, in the Western Cape 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 Milnerton has increased during the last 6 months. In November, the average price per m² was R 19 755. In the following month the price per m² increased to R 21 123. In the following two months the price per m² has barely changed, going from R 20 439 to R 20 759 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 20 599 to R 20 625 during March y April
Based upon to the price in Milnerton (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is R 2 117 137. During December the price went through a considerable rise reaching R 2 616 550. During the following two months (January, February) the price has had an average incrementation from R 2 366 843,5 to R 2 617 726,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % 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 3 501 492 they are 62 % more affordable than the average price for Milnerton. The properties with the highest average price have 4 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 863 405.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 19 102 / m², with an average R 20 524 / m² price in Milnerton. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 4 bedrooms with a price at R 22 939 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 3 501 492 it is 44 % cheaper than the average price in Milnerton. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of R 7 326 517 it is 112 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Land" at an average cost of R 1 769 / m² followed by "Office" priced at R 11 945 / m². "Apartment" is the most costly type of property with a R 23 984 / m² cost followed by "Townhouse" with an average price of R 21 211 / m².