The prices in real estate in Milnerton, in the Western Cape region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Milnerton has remained the same in the last 6 months. In October, the average price per m² was R 20 823. In the following month the price per m² decreased to R 19 755. In the following two months the price per m² has barely changed, going from R 20 289 to R 21 059 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 20 674 to R 20 624,5 during February y March
Based upon to the price in Milnerton (cities & towns), this has gone up in the last 6 months. The average price for October is R 2 262 713. During November the price had a slight fall till R 2 117 137. During the following two months (December, January) the average price had a considerable increase of 117 % 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 120 % 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 3 023 112 they are 52 % more affordable than the average price for Milnerton. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 831 972.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 19 819 / m², with an average R 20 726 / m² price in Milnerton. The properties with the highest average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at R 21 290 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 3 023 112 it is 31 % cheaper than the average price in Milnerton. "Land" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of R 6 888 140 it is 143 % 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 1 771 / m² followed by "Commercial" priced at R 11 928 / m². "Apartment" is the most costly type of property with a R 23 742 / m² cost followed by "Townhouse" with an average price of R 22 248 / m².