The prices in real estate in Mokopane, in the Limpopo 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 Mokopane has remained the same in the last 6 months. In October, the average price per m² was R 4 015. In the following month the price per m² increased to R 4 304. In the following two months the price per m² has barely changed, going from R 4 159,5 to R 4 071 per m². The price per m² has decreased 91 % 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 4 115,25 to R 3 746,5 during February, and March.
Based upon to the price in Mokopane (cities & towns), this has gone up in the last 6 months. The price in October is R 1 615 950, rising in November till R 1 804 363. During the following two months (December, January) the average price had a considerable increase of 115 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from R 1 841 327 to R 1 718 149 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 688 886 they are 51 % more affordable than the average price for Mokopane. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 1 bedroom priced at R 1 730 582.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 2 844 / m², with an average R 3 420 / m² price in Mokopane. The properties with the highest average prices have 2 bedrooms. They are 107 % more expensive than the average followed by properties with 1 bedroom with a price at R 6 557 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 688 886 it is 73 % cheaper than the average price in Mokopane. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 1 947 118 it is 237 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 2 976 / m² followed by "Townhouse" priced at R 6 092 / m². "Land" is the most costly type of property with a R 1 262 549 / m² cost followed by "Commercial" with an average price of R 601 824 / m².