Property prices for sale in Randburg (Gauteng)
The prices in real estate in Randburg, in the Gauteng 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 Randburg has remained the same in the last 6 months. In March, the average price per m² was R 7 934. In the following month the price per m² decreased considerably to R 6 095. The price for the following two months in (May, June) had a considerable increment of 129 %. 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 8 023,5 to R 7 657,5 during July y August
Based upon to the price in Randburg (cities & towns), these have remained the same in the last 6 months. The price in March is R 1 513 330, rising in April till R 1 617 793. During the following two months (May, June) the average price fell 86 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 1 502 530 they are 55 % more affordable than the average price for Randburg. The properties with the highest average price have 4 bedrooms, Their price is 75 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 736 173.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 5 917 / m², with an average R 7 439 / m² price in Randburg. The properties with the highest average prices have 1 bedroom. They are 76 % more expensive than the average followed by properties with 2 bedrooms with a price at R 9 102 / m².
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of R 1 502 530 it is 44 % cheaper than the average price in Randburg. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 1 227 762 it is 59 % 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 6 200 / m² followed by "Townhouse" priced at R 8 212 / m². "Apartment" is the most costly type of property with a R 9 870 / m² cost followed by "Flat" with an average price of R 9 437 / m².
