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 October, the average price per m² was R 17 841. In November this price pretty much remained the same at a value of R 18 501 per m². In the following two months the price per m² has increased 108 %, going from R 18 171 to R 19 616 per m². The price per m² has had a considerable increase of 118 % 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 18 893,5 to R 22 361,5 during February, and March.
Based upon to the price in Fish Hoek (cities & towns), these have remained the same in the last 6 months. The average price for October is R 2 726 383. During November the price had a slight fall till R 2 498 056. During the following two months (December, January) the average price fell 92 % 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 115 % 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 2 812 500 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 67 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 520 754.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 14 065 / m², with an average R 21 649 / m² price in Fish Hoek. The properties with the highest average prices have 1 bedroom. They are 48 % more expensive than the average followed by properties with 2 bedrooms with a price at R 17 965 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 812 500 it is 61 % 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 2 621 223 it is 42 % 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 14 195 / m² followed by "House" priced at R 16 981 / m². "Flat" is the most costly type of property with a R 1 361 993 / m² cost followed by "Townhouse" with an average price of R 471 915 / m².