The prices in real estate in Noordhoek, in the Western Cape region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Noordhoek has remained the same in the last 6 months. In October, the average price per m² was R 23 716. In the following month the price per m² increased to R 25 895. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of R 23 270 to R 22 216,5 during February y March
Based upon to the price in Noordhoek (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 4 951 923. In November This price remains at R 4 849 867. In the following two months the average price has remained the same with regard to the previous two months from R 4 900 895 to R 4 703 973. Based on an analysis of the first four prices and the last two months the average price has risen strongly 139 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of R 8 596 667 they are 83 % more affordable than the average price for Noordhoek. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at R 6 746 610.
With regard to the average price per m² , those properties with 2 bedrooms are the cheapest ones at a cost of R 13 007 / m², with an average R 23 799 / m² price in Noordhoek. The properties with the highest average prices have 1 bedroom. They are 20501 % more expensive than the average followed by properties with 3 bedrooms with a price at R 19 962 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 8 596 667 it is 76 % cheaper than the average price in Noordhoek. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of R 7 861 290 it is 11 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Commercial" at an average cost of R 784 620 / m² followed by "Commercial Property" priced at R 1 193 520 / m². "House" is the most costly type of property with a R 2 050 657 / m² cost followed by "Land" with an average price of R 1 515 323 / m².