Property prices for sale in Cape Town (Western Cape)
The prices in real estate in Cape Town, in the Western Cape 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 m² in Cape Town has remained the same in the last 6 months. In October, the average price per m² was R 23 137. In November this price pretty much remained the same at a value of R 22 115 per m². In the following two months the price per m² has barely changed, going from R 22 626 to R 22 836 per m². 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 22 731 to R 21 840,5 during February y March
Based upon to the price in Cape Town (cities & towns), this has gone up considerably in the last 6 months. The price in October is R 2 383 559, rising in November till R 2 650 940. During the following two months (December, January) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of R 2 740 555 and R 2 723 047 between 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 2 837 732 they are 43 % more affordable than the average price for Cape Town. The properties with the highest average price have 4 bedrooms, Their price is 128 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 936 937.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 19 494 / m², with an average R 22 318 / m² price in Cape Town. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at R 24 092 / m².
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of R 2 837 732 it is 22 % cheaper than the average price in Cape Town. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of R 7 875 936 it is 346 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial" at an average cost of R 12 457 / m² followed by "House" priced at R 17 455 / m². "Office" is the most costly type of property with a R 7 417 695 / m² cost followed by "Apartment" with an average price of R 29 296 / m².
