Property prices for sale in Jeffreys Bay (Eastern Cape)

The prices in real estate in Jeffreys Bay, in the Eastern Cape region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

R 2 082 339,83
Average price last 6 months
R 302 363
Price/m² last 6 months
Average price per m2

The price per m² in Jeffreys Bay has had a strong decrease during the last 6 months. In December, the average price per m² was R 422 034. In the following month the price per m² decreased considerably to R 56 038. The price for the following two months in (February, March) had a considerable increment of 160 %. The price per m² has decreased 92 % 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 310 752,25 to R 285 584,5 during April, and May.

Average price

Based upon to the price in Jeffreys Bay (cities & towns), these have remained the same in the last 6 months. In our first sample month during December, the average price is R 2 131 075. In January This price remains at R 2 058 413. During the following two months (February, March) the average price fell 93 % 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 gone up 110 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 2 238 963 they are 37 % more affordable than the average price for Jeffreys Bay. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 352 863.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 7 409 / m², with an average R 111 289 / m² price in Jeffreys Bay. The properties with the highest average prices have 1 bedroom. They are 1351 % more expensive than the average followed by properties with 2 bedrooms with a price at R 12 026 / m².

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 238 963 it is 70 % cheaper than the average price in Jeffreys Bay. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 2 500 775 it is 124 % more expensive than the average price.

According to the average cost per m², the cheapest property type is "Townhouse" at an average cost of R 12 197 / m² followed by "Apartment" priced at R 15 399 / m². "Commercial" is the most costly type of property with a R 5 015 000 / m² cost followed by "Flat" with an average price of R 1 279 859 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Jeffreys Bay
Number of properties used in region Eastern Cape
R 2 238 963
R 111 289
11 826
57 840
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value