The prices in real estate in Standerton, in the Mpumalanga region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Standerton has had a strong decrease during the last 6 months. In November, the average price per m² was R 6 048. In December this price pretty much remained the same at a value of R 5 839 per m². The price for the following two months in (January, February) had a considerable decrease of 55 with regard to the prior two months. 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 4 607,75 to R 4 545,5 during March y April
Based upon to the price in Standerton (cities & towns), this has gone downing the last 6 months. The average price for November is R 2 301 704. During December the price had a considerable reduction till R 1 846 412. During the following two months (January, February) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.