Property prices for sale in Johor Bahru (Johor)
The prices in real estate in Johor Bahru, in the Johor 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 sq.feet in Johor Bahru has remained the same in the last 6 months. In October, the average price per sq.feet was RM 407. In November this price pretty much remained the same at a value of RM 420 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 413.5 to RM 403.5 per sq.feet. The price per sq.feet has increased 106 % 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 sq.feet of RM 408.5 to RM 433.5 during February, and March.
Based upon to the price in Johor Bahru (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is RM 609,788. In November This price remains at RM 630,463. During the following two months (December, January) the average price had a considerable increase of 119 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 837,814 they are 54 % more affordable than the average price for Johor Bahru. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 465,900.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 360 / sq.feet, with an average RM 434 / sq.feet price in Johor Bahru. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 506 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 837,814 it is 58 % cheaper than the average price in Johor Bahru. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 1,159,838 it is 71 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Terraced House" at an average cost of RM 355 / sq.feet followed by "Link House" priced at RM 380 / sq.feet. "Condominium" is the most costly type of property with a RM 623 / sq.feet cost followed by "Commercial" with an average price of RM 561 / sq.feet.
