The prices in real estate in Lamberts Bay, in the Western Cape region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Lamberts Bay has fallen in the last 6 months. In November, the average price per m² was R 9 565. In the following month the price per m² decreased to R 8 548. In the following two months the price per m² has barely changed, going from R 9 056,5 to R 9 132,5 per m². The price per m² has had a considerable deflation of 82 % 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 9 094,5 to R 7 496,5 during March, and April.
Based upon to the price in Lamberts Bay (cities & towns), this has fallen considerably in the last 6 months. The average price for November is R 3 203 717. During December the price had a considerable reduction till R 2 573 490. During the following two months (January, February) the average price had a considerable reduction of 71 % 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 2 474 712,5 and R 2 414 023,5 between March and April.