The prices in real estate in Fish Hoek, in the Western Cape region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Fish Hoek has increased during the last 6 months. In November, the average price per m² was R 18 501. In the following month the price per m² increased to R 19 839. In the following two months the price per m² has increased 111 %, going from R 19 170 to R 21 233,5 per m². The price per m² 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 m² of R 20 201,75 to R 21 378 during March, and April.
Based upon to the price in Fish Hoek (cities & towns), this has gone up in the last 6 months. In our first sample month during November, the average price is R 2 498 056. In December This price remains at R 2 571 786. In the following two months the average price has remained the same with regard to the previous two months from R 2 534 921 to R 2 585 625. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 R 2 850 000 they are 51 % more affordable than the average price for Fish Hoek. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 518 233.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 14 050 / m², with an average R 21 107 / m² price in Fish Hoek. The properties with the highest average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 947 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 850 000 it is 62 % cheaper than the average price in Fish Hoek. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of R 2 618 601 it is 40 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "Commercial Property" at an average cost of R 14 180 / m² followed by "House" priced at R 16 964 / m². "Flat" is the most costly type of property with a R 1 360 631 / m² cost followed by "Townhouse" with an average price of R 471 443 / m².