The prices in real estate in Westbrook, in the Kwazulu-natal 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 Westbrook has remained the same in the last 6 months. In October, the average price per m² was R 5 693. In November this price pretty much remained the same at a value of R 5 597 per m². The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per m² has had a considerable increase of 128 % 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 5 393,25 to R 6 900 during February, and March.
Based upon to the price in Westbrook (cities & towns), this has fallen considerably in the last 6 months. The average price for October is R 3 231 844. During November the price had a slight fall till R 2 983 000. In the following two months the average price has remained the same with regard to the previous two months from R 3 107 422 to R 2 999 617,5. During the last two months the average price has had a strong fall compared to the previous four going from R 3 053 519,75 to R 2 320 487,5, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of R 1 857 600 they are 27 % more expensive than the average price for Westbrook. Following this ranking we find those properties with 3 at an average price of R 2 980 467. The properties with the highest average price have 4 bedrooms, Their price is 220 % more costly than the average. After that we have properties with 1 bedroom priced at R 3 462 133.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 5 477 / m², with an average R 7 557 / m² price in Westbrook. The properties with the highest average prices have 1 bedroom. They are 45714 % more expensive than the average followed by properties with 4 bedrooms with a price at R 11 047 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 1 857 600 it is 10 % cheaper than the average price in Westbrook. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of R 3 294 761 it is 263 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Apartment" at an average cost of R 6 846 / m² followed by "House" priced at R 1 068 668 / m². "Flat" is the most costly type of property with a R 2 490 023 / m² cost followed by "Land" with an average price of R 1 665 325 / m².