The prices in real estate in Pennington, in the Kwazulu-natal 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 Pennington has remained the same in the last 6 months. In October, the average price per m² was R 8 135. In November this price pretty much remained the same at a value of R 7 988 per m². In the following two months the price per m² has barely changed, going from R 8 061,5 to R 7 669 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 7 865,25 to R 8 253,5 during February y March
Based upon to the price in Pennington (cities & towns), these have remained the same in the last 6 months. The average price for October is R 1 676 313. During November the price had a slight fall till R 1 496 828. In the following two months the average price has remained the same with regard to the previous two months from R 1 586 570,5 to R 1 643 006,5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 769 819 they are 34 % more affordable than the average price for Pennington. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 697 964.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 6 860 / m², with an average R 8 183 / m² price in Pennington. The properties with the highest average prices have 1 bedroom. They are 91 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 442 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 769 819 it is 69 % cheaper than the average price in Pennington. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of R 1 527 283 it is 7 % 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 6 646 / m² followed by "Townhouse" priced at R 8 924 / m². "Flat" is the most costly type of property with a R 1 353 400 / m² cost followed by "Land" with an average price of R 555 079 / m².