The prices in real estate in Salt Rock, in the Kwazulu-natal region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Salt Rock has increased during the last 6 months. In October, the average price per m² was R 10 143. In the following month the price per m² increased to R 11 119. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per m² has increased 112 % 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 10 278,75 to R 11 484,5 during February, and March.
Based upon to the price in Salt Rock (cities & towns), these have remained the same in the last 6 months. In our first sample month during October, the average price is R 4 601 490. In November This price remains at R 4 710 149. In the following two months the average price has remained the same with regard to the previous two months from R 4 655 819,5 to R 4 483 949,5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 4 569 884,5 and R 4 748 144 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 4 881 600 they are 62 % more affordable than the average price for Salt Rock. The properties with the highest average price have 4 bedrooms, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at R 4 338 120.
With regard to the average price per m² , those properties with 1 bedroom are the cheapest ones at a cost of R 74 / m², with an average R 11 130 / m² price in Salt Rock. The properties with the highest average prices have 2 bedrooms. They are 70 % more expensive than the average followed by properties with 3 bedrooms with a price at R 9 673 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 4 881 600 it is 41 % cheaper than the average price in Salt Rock. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 3 844 925 it is 8 % 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 7 799 / m² followed by "Townhouse" priced at R 12 634 / m². "Apartment" is the most costly type of property with a R 16 956 / m² cost followed by "Townhouse" with an average price of R 12 634 / m².