The prices in real estate in Roodeplaat Dam, in the Gauteng region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Roodeplaat Dam has increased strongly during the last 6 months. In March, the average price per m² was R 7 695. In the following month the price per m² increased to R 8 788. In the following two months the price per m² has increased 109 %, going from R 8 241,5 to R 8 973 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 8 607,25 to R 8 894,5 during July y August
Based upon to the price in Roodeplaat Dam (cities & towns), these have remained the same in the last 6 months. The average price for March is R 4 301 115. During April the price had a slight fall till R 4 054 889. During the following two months (May, June) the price has had an average incrementation from R 4 178 002 to R 4 737 634,5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from R 4 457 818 to R 3 979 570,5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of R 3 839 308 they are 17 % more affordable than the average price for Roodeplaat Dam. The properties with the lowest average price have 1 bedroom, Their price is 16 % cheaper than the average. After that we have properties with 2 bedrooms priced at R 3 201 481.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 8 029 / m², with an average R 8 843 / m² price in Roodeplaat Dam. The properties with the lowest average prices have 1 bedroom. They are 8 % cheaper than the average followed by properties with 2 bedrooms with a price at R 8 074 / m².
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of R 3 839 308 it is 22 % cheaper than the average price in Roodeplaat Dam. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of R 3 138 046 it is 17 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of R 7 905 / m² followed by "House" priced at R 8 029 / m². "Townhouse" is the cheapest type of property with a R 8 145 / m² value followed by "House" with an average price of R 8 029 / m².