The prices in real estate in Reebok, in the Western Cape 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 Reebok has remained the same in the last 6 months. In October, the average price per m² was R 17 106. In November this price pretty much remained the same at a value of R 17 005 per m². In the following two months the price per m² has barely changed, going from R 17 055,5 to R 17 310 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 17 182,75 to R 17 176,5 during February y March
Based upon to the price in Reebok (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 3 062 842, rising in November till R 3 245 500. During the following two months (December, January) the price has had an average incrementation from R 3 154 171 to R 3 373 031,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 3 769 577 they are 46 % more affordable than the average price for Reebok. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 095 834.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 13 846 / m², with an average R 17 136 / m² price in Reebok. The properties with the highest average prices have 1 bedroom. They are 13884 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 789 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 3 769 577 it is 55 % cheaper than the average price in Reebok. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of R 2 621 821 it is 16 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 15 088 / m² followed by "Apartment" priced at R 15 952 / m². "Land" is the most costly type of property with a R 1 695 391 / m² cost followed by "Apartment" with an average price of R 15 952 / m².