The prices in real estate in Sedgefield, 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 Sedgefield has fallen in the last 6 months. In October, the average price per m² was R 12 872. In November this price pretty much remained the same at a value of R 13 463 per m². The price for the following two months in (December, January) had a considerable decrease of 77 with regard to the prior two months. The price per m² has decreased 95 % 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 11 685,75 to R 11 045 during February, and March.
Based upon to the price in Sedgefield (cities & towns), these have remained the same in the last 6 months. The price in October is R 3 308 923, rising in November till R 3 617 326. In the following two months the average price has remained the same with regard to the previous two months from R 3 463 124,5 to R 3 313 459,5. 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 3 388 292 and R 3 535 180 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 3 504 800 they are 66 % more affordable than the average price for Sedgefield. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at R 2 681 710.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 9 390 / m², with an average R 10 792 / m² price in Sedgefield. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at R 12 619 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 3 504 800 it is 55 % cheaper than the average price in Sedgefield. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 2 592 856 it is 280 % 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 10 620 / m² followed by "Townhouse" priced at R 11 716 / m². "Farm" is the most costly type of property with a R 11 973 861 / m² cost followed by "Apartment" with an average price of R 12 678 / m².