The prices in real estate in Betty's Bay, 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 Betty's Bay has fallen in the last 6 months. In October, the average price per m² was R 11 647. In November this price pretty much remained the same at a value of R 11 544 per m². The price for the following two months in (December, January) had a considerable decrease of 77 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 10 273,5 to R 10 314 during February y March
Based upon to the price in Betty's Bay (cities & towns), these have remained the same in the last 6 months. The price in October is R 3 410 557, rising in November till R 3 727 049. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from R 3 407 510 to R 3 225 473 in 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 3 319 600 they are 79 % more affordable than the average price for Betty's Bay. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 881 955.
With regard to the average price per m² , those properties with 3 bedrooms are the most costly ones at a cost of R 12 727 / m², with an average R 10 555 / m² price in Betty's Bay. The properties with the highest average prices have 1 bedroom. They are 5663 % more expensive than the average followed by properties with 4 bedrooms with a price at R 20 239 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 3 319 600 it is 82 % cheaper than the average price in Betty's Bay. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of R 2 542 189 it is 4 % more affordable than the average price.
According to the average cost per m², the cheapest property type is "Farm" at an average cost of R 10 429 / m² followed by "House" priced at R 14 805 / m². "Land" is the most costly type of property with a R 608 296 / m² cost followed by "House" with an average price of R 14 805 / m².