The prices in real estate in Piketberg, in the Western Cape region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Piketberg has had a strong decrease during the last 6 months. In November, the average price per m² was R 7 141. In the following month the price per m² increased considerably to R 8 696. The price for the following two months in (January, February) had a considerable decrease of 57 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 6 213,75 to during March, and April.
Based upon to the price in Piketberg (cities & towns), this has fallen considerably in the last 6 months. The price in November is R 1 592 500, rising in December till R 1 697 000. During the following two months (January, February) the average price had a considerable increase of 153 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 2 076 875 to , which means a 0 % fall.