The prices in real estate in Walkerville, in the Gauteng 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 Walkerville has had a strong decrease during the last 6 months. In October, the average price per m² was R 9 723. In the following month the price per m² decreased considerably to R 7 514. The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. The price per m² has had a considerable deflation of 44 % 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 6 666,25 to R 2 943 during February, and March.
Based upon to the price in Walkerville (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 1 063 445, rising in November till R 1 139 841. During the following two months (December, January) the price has had an average incrementation from R 1 101 643 to R 1 258 429,5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 5 % cheaper than the average price of R 1 285 999 in Walkerville. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 48337 % more costly than the average price of (R 1 285 999 / m²) in Walkerville. Properties with the most expensive price based upon to the number of bedrooms / m² are those with 1 bedroom. They are 48337 % more costly than the average value aforementioned.