The prices in real estate in Vryburg, in the North West 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 Vryburg has remained the same in the last 6 months. In October, the average price per m² was R 3 150. In the following month the price per m² increased to R 3 567. The price for the following two months in (December, January) had a considerable decrease of 46 with regard to the prior two months. The price per m² has had a considerable increase of 195 % 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 2 451,75 to R 4 774,5 during February, and March.
Based upon to the price in Vryburg (cities & towns), this has gone downing the last 6 months. The price in October is R 1 475 450, rising in November till R 1 587 950. During the following two months (December, January) the average price had a considerable reduction of 65 % 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 risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 1 903 182 they are 34 % more affordable than the average price for Vryburg. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 1 bedroom priced at R 1 779 866.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 1 582 / m², with an average R 2 629 / m² price in Vryburg. The properties with the highest average prices have 1 bedroom. They are 67601 % more expensive than the average followed by properties with 2 bedrooms with a price at R 7 252 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 903 182 it is 75 % cheaper than the average price in Vryburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of R 3 508 621 it is 158 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Townhouse" at an average cost of R 3 309 / m² followed by "Industrial property" priced at R 44 751 / m². "Farm" is the most costly type of property with a R 4 902 104 / m² cost followed by "Commercial" with an average price of R 3 508 621 / m².