The prices in real estate in Port Edward, 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 Port Edward has remained the same in the last 6 months. In October, the average price per m² was R 8 116. In November this price pretty much remained the same at a value of R 8 312 per m². In the following two months the price per m² has barely changed, going from R 8 214 to R 7 950 per m². The price per m² has decreased 90 % 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 8 082 to R 7 273,5 during February, and March.
Based upon to the price in Port Edward (cities & towns), these have remained the same in the last 6 months. The average price for October is R 1 342 276. During November the price had a slight fall till R 1 273 060. In the following two months the average price has remained the same with regard to the previous two months from R 1 307 668 to R 1 371 842,5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from R 1 339 755,25 to R 1 235 823,5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 156 791 they are 51 % more affordable than the average price for Port Edward. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 265 104.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 4 377 / m², with an average R 6 862 / m² price in Port Edward. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at R 7 630 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 156 791 it is 37 % cheaper than the average price in Port Edward. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 817 944 it is 37 % 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 6 125 / m² followed by "Apartment" priced at R 8 013 / m². "Flat" is the most costly type of property with a R 786 417 / m² cost followed by "Townhouse" with an average price of R 8 049 / m².