The prices in real estate in Westonaria, 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 Westonaria has had a strong decrease during the last 6 months. In October, the average price per m² was R 7 330. In the following month the price per m² decreased to R 6 678. The price for the following two months in (December, January) had a considerable decrease of 52 with regard to the prior two months. The price per m² has had a considerable deflation of 31 % 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 5 327 to R 1 652,5 during February, and March.
Based upon to the price in Westonaria (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 779 245, rising in November till R 854 945. During the following two months (December, January) the average price had a considerable increase of 131 % with regard to the previous two months. 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 942 176,25 and R 913 441 between February and March.