Property prices for sale in Sandton (Gauteng)

The prices in real estate in Sandton, 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.

R 3 042 304,5
Average price last 6 months
R 429 516,5
Price/m² last 6 months
Average price per m2

The price per m² in Sandton has increased strongly during the last 6 months. In December, the average price per m² was R 343 632. In the following month the price per m² decreased considerably to R 185 248. The price for the following two months in (February, March) had a considerable increment of 247 %. The price per m² has had a considerable deflation of 81 % 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 458 497 to R 371 555,5 during April, and May.

Average price

Based upon to the price in Sandton (cities & towns), these have remained the same in the last 6 months. The average price for December is R 3 098 088. During January the price had a slight fall till R 2 697 971. In the following two months the average price has remained the same with regard to the previous two months from R 2 898 029,5 to R 2 971 791,5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 3 253 386 they are 45 % more affordable than the average price for Sandton. The properties with the highest average price have 4 bedrooms, Their price is 70 % more costly than the average. After that we have properties with 3 bedrooms priced at R 3 229 161.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 9 744 / m², with an average R 138 487 / m² price in Sandton. The properties with the highest average prices have 1 bedroom. They are 721 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 191 / m².

Price per property type

The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 3 253 386 it is 56 % cheaper than the average price in Sandton. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of R 7 874 972 it is 153 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 12 952 / m² followed by "Apartment" priced at R 19 410 / m². "Land" is the most costly type of property with a R 7 261 666 / m² cost followed by "Commercial" with an average price of R 7 193 270 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Sandton
Number of properties used in region Gauteng
R 3 253 386
R 138 487
83 878
843 404
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value