Property prices for sale in Port Elizabeth (Eastern Cape)

The prices in real estate in Port Elizabeth, in the Eastern Cape region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

R 1 429 230
Average price last 6 months
R 8 125
Price/m² last 6 months
Average price per m2

The price per m² in Port Elizabeth has fallen in the last 6 months. In May, the average price per m² was R 8 615. In the following month the price per m² decreased to R 7 964. In the following two months the price per m² has barely changed, going from R 8 289,5 to R 8 063,5 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 8 176,5 to R 8 022 during September y October

Average price

Based upon to the price in Port Elizabeth (cities & towns), this has gone downing the last 6 months. The average price for May is R 1 531 874. During June the price had a considerable reduction till R 1 258 710. During the following two months (July, August) the price has had an average incrementation from R 1 395 292 to R 1 531 017. 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 1 463 154,5 to R 1 361 381 in September and October.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of R 1 463 012 in Port Elizabeth. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.

With regard to the average prices per m² those properties with 1 bedroom are 0 % cheaper than the average price of (R 8 229 / m²) in Port Elizabeth. Properties with the most affordable price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.

Price per property type

With regard to the average price based upon the property in Port Elizabeth we can see that the cheapest property type is "House" at a price of R 1 463 012, they are 0 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 0 % more affordable than the average price aforementioned.

According to the average area cost by m² the cheapest property type is "House with an average price of R 8 229 / m². "House" with an average cost of R 8 229 / m² has the lowest price and would be directed at less affluent cities.

Charts data
Average price October
Average price per m² October
Number of properties used in Port Elizabeth
Number of properties used in region Eastern Cape
R 1 463 012
R 8 229
10 670
36 498
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value