The prices in real estate in Wilderness, in the Western Cape region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Wilderness has fallen in the last 6 months. In October, the average price per m² was R 16 464. In the following month the price per m² decreased to R 15 598. In the following two months the price per m² has barely changed, going from R 16 031 to R 16 235 per m². The price per m² has had a considerable deflation of 81 % 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 16 133 to R 13 013 during February, and March.
Based upon to the price in Wilderness (cities & towns), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is R 6 575 422. During November the price went through a considerable rise reaching R 9 952 361. During the following two months (December, January) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from R 9 285 417 to R 6 288 453,5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 6 393 685 they are 83 % more affordable than the average price for Wilderness. The properties with the lowest average price have 4 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 3 bedrooms priced at R 3 180 265.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 11 715 / m², with an average R 12 570 / m² price in Wilderness. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 2 bedrooms with a price at R 16 945 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 6 393 685 it is 74 % cheaper than the average price in Wilderness. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 4 962 630 it is 84 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of R 13 572 / m² followed by "Apartment" priced at R 16 135 / m². "Farm" is the most costly type of property with a R 11 748 533 / m² cost followed by "Townhouse" with an average price of R 17 793 / m².