The prices in real estate in Westville, in the Kwazulu-natal 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 Westville has had a strong decrease during the last 6 months. In October, the average price per m² was R 3 110. In the following month the price per m² decreased considerably to R 2 027. The price for the following two months in (December, January) had a considerable decrease of 84 with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 2 367,5 to R 2 446 during February y March
Based upon to the price in Westville (cities & towns), this has gone downing the last 6 months. The average price for October is R 2 830 763. During November the price had a slight fall till R 2 592 650. During the following two months (December, January) the average price fell 90 % 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 2 582 684,75 and R 2 582 112,5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 569 025 they are 64 % more affordable than the average price for Westville. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 170 475.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 1 355 / m², with an average R 2 044 / m² price in Westville. The properties with the highest average prices have 1 bedroom. They are 841 % more expensive than the average followed by properties with 2 bedrooms with a price at R 10 605 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 569 025 it is 72 % cheaper than the average price in Westville. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of R 2 373 447 it is 1 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 1 361 / m² followed by "Townhouse" priced at R 7 752 / m². "Commercial" is the most costly type of property with a R 1 867 635 / m² cost followed by "Land" with an average price of R 722 939 / m².