The prices in real estate in Ventersdorp, in the North West 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 Ventersdorp has had a strong decrease during the last 6 months. In November, the average price per m² was R 2 661. In the following month the price per m² decreased considerably to R 433. The price for the following two months in (January, February) had a considerable decrease of 39 with regard to the prior two months. The price per m² has had a considerable deflation of 46 % 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 1 075,5 to R 496 during March, and April.
Based upon to the price in Ventersdorp (cities & towns), this has gone downing the last 6 months. The average price for November is R 1 151 267. During December the price had a slight fall till R 1 001 077. During the following two months (January, February) the price has had an average incrementation from R 1 076 172 to R 1 166 176,5. 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 1 121 174,25 and R 1 065 940,5 between March and April.