The prices in real estate in Qwabe, Waterfall, 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 Qwabe, Waterfall has remained the same in the last 6 months. In November, the average price per m² was R 13 118. In December this price pretty much remained the same at a value of R 12 774 per m². In the following two months the price per m² has barely changed, going from R 12 946 to R 13 029,5 per m². The price per m² has increased 106 % 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 12 987,75 to R 13 718,5 during March, and April.
Based upon to the price in Qwabe, Waterfall (cities & towns), this has gone downing the last 6 months. The average price during our first sample month during November, is R 5 760 107. During December the price went through a considerable rise reaching R 6 849 009. During the following two months (January, February) the average price fell 86 % 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 5 849 606 to R 4 519 610, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 4 939 711 they are 78 % more affordable than the average price for Qwabe, Waterfall. The properties with the highest average price have 4 bedrooms, Their price is 99 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 685 996.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 10 821 / m², with an average R 13 539 / m² price in Qwabe, Waterfall. The properties with the highest average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 934 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 4 939 711 it is 69 % cheaper than the average price in Qwabe, Waterfall. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 9 595 300 it is 3224 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 9 466 / m² followed by "House" priced at R 10 557 / m². "Commercial" is the most costly type of property with a R 164 174 956 / m² cost followed by "Flat" with an average price of R 19 419 / m².