The prices in real estate in Orange Farm, in the Gauteng 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 Orange Farm has increased during the last 6 months. In October, the average price per m² was R 1 958. In the following month the price per m² decreased to R 1 681. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per m² has had a considerable increase of 149 % 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 1 774 to R 2 651,5 during February, and March.
Based upon to the price in Orange Farm (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 437 538. In November This price remains at R 426 083. In the following two months the average price has remained the same with regard to the previous two months from R 431 810,5 to R 419 494,5. During the last two months the average price has had a strong fall compared to the previous four going from R 425 652,5 to R 352 465,5, which means a 83 % fall.