The prices in real estate in Witsand, in the Western Cape 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 Witsand has had a strong decrease during the last 6 months. In November, the average price per m² was R 18 754. In the following month the price per m² increased to R 19 720. The price for the following two months in (January, February) had a considerable increment of 121 %. The price per m² has had a considerable deflation of 0 % 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 21 301 to during March, and April.
Based upon to the price in Witsand (cities & towns), this has fallen considerably in the last 6 months. The price in November is R 2 360 000, rising in December till R 2 660 000. In the following two months the average price has remained the same with regard to the previous two months from R 2 510 000 to R 2 402 083,5. During the last two months the average price has had a strong fall compared to the previous four going from R 2 456 041,75 to , which means a 0 % fall.