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 March, the average price per sq.feet was RM 388. In April this price pretty much remained the same at a value of RM 371 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 379.5 to RM 378 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 378.75 to RM 383.5 during July y August
Based upon to the price in Johor Bahru (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is RM 618,622. In April This price remains at RM 632,250. During the following two months (May, June) the price has had an average incrementation from RM 625,436 to RM 682,907.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 752,613 they are 46 % more affordable than the average price for Johor Bahru. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 459,170.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 348 / sq.feet, with an average RM 385 / sq.feet price in Johor Bahru. The properties with the highest average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 469 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 752,613 it is 43 % cheaper than the average price in Johor Bahru. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Commercial". At a price of RM 1,580,360 it is 128 % 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 344 / sq.feet followed by "Residential House" priced at RM 348 / sq.feet. "Commercial" is the most costly type of property with a RM 504 / sq.feet cost followed by "Bungalow" with an average price of RM 449 / sq.feet.