The prices in real estate in Gordon's Bay, 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 Gordon's Bay has increased during the last 6 months. In October, the average price per m² was R 14 414. In the following month the price per m² increased to R 16 363. In the following two months the price per m² has barely changed, going from R 15 388,5 to R 15 947 per m². The price per m² has decreased 94 % 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 15 667,75 to R 14 712 during February, and March.
Based upon to the price in Gordon's Bay (cities & towns), these have remained the same in the last 6 months. The price in October is R 2 106 986, rising in November till R 2 284 699. During the following two months (December, January) the average price fell 93 % 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 2 113 501 and R 2 087 725,5 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 2 157 061 they are 62 % more affordable than the average price for Gordon's Bay. The properties with the highest average price have 4 bedrooms, Their price is 121 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 361 519.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 12 038 / m², with an average R 13 966 / m² price in Gordon's Bay. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at R 14 411 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of R 2 157 061 it is 53 % cheaper than the average price in Gordon's Bay. "Flat" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of R 3 150 718 it is 293 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House" at an average cost of R 12 367 / m² followed by "Apartment" priced at R 14 862 / m². "Farm" is the most costly type of property with a R 8 470 144 / m² cost followed by "Flat" with an average price of R 1 048 306 / m².