The prices in real estate in Strand, in the Western Cape 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 Strand has remained the same in the last 6 months. In October, the average price per m² was R 16 446. In the following month the price per m² decreased to R 15 598. In the following two months the price per m² has barely changed, going from R 16 022 to R 16 167,5 per m². 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 16 094,75 to R 16 043 during February y March
Based upon to the price in Strand (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 1 837 923. In November This price remains at R 1 803 763. In the following two months the average price has remained the same with regard to the previous two months from R 1 820 843 to R 1 902 826,5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 210 639 they are 58 % more affordable than the average price for Strand. 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 2 333 963.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 11 867 / m², with an average R 16 148 / m² price in Strand. The properties with the highest average prices have 1 bedroom. They are 22 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 163 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 2 210 639 it is 32 % cheaper than the average price in Strand. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of R 2 653 156 it is 25 % 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 12 238 / m² followed by "Townhouse" priced at R 15 346 / m². "Land" is the most costly type of property with a R 2 653 156 / m² cost followed by "Apartment" with an average price of R 18 766 / m².