The prices in real estate in Riviersonderend, in the Western 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
The price per m² in Riviersonderend has fallen in the last 6 months. In November, the average price per m² was R 3 304. In the following month the price per m² decreased considerably to R 2 685. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per m² has had a considerable increase of 121 % 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 2 914,5 to R 3 537,5 during March, and April.
Based upon to the price in Riviersonderend (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 1 906 071. During December the price had a slight fall till R 1 786 136. During the following two months (January, February) the average price had a considerable reduction of 83 % with regard to the previous two months. 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 1 689 925 to R 1 559 312,5 in March and April.