The prices in real estate in Shelly Beach, in the Kwazulu-natal region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Shelly Beach has remained the same in the last 6 months. In October, the average price per m² was R 3 009. In November this price pretty much remained the same at a value of R 2 889 per m². The price for the following two months in (December, January) had a considerable decrease of 79 with regard to the prior two months. The price per m² has had a considerable increase of 139 % 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 2 632,5 to R 3 668,5 during February, and March.
Based upon to the price in Shelly Beach (cities & towns), this has gone downing the last 6 months. In our first sample month during October, the average price is R 1 997 757. In November This price remains at R 1 965 074. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. 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 1 887 741,25 and R 1 885 921,5 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 1 927 163 they are 71 % more affordable than the average price for Shelly Beach. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at R 1 678 435.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 1 642 / m², with an average R 3 584 / m² price in Shelly Beach. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 4 bedrooms with a price at R 2 700 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 1 927 163 it is 30 % cheaper than the average price in Shelly Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of R 2 271 964 it is 146 % 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 538 / m² followed by "Apartment" priced at R 1 876 / m². "Land" is the most costly type of property with a R 4 738 748 / m² cost followed by "Commercial" with an average price of R 2 052 009 / m².