Property prices for sale in Plettenberg Bay (Western Cape)

The prices in real estate in Plettenberg Bay, in the Western 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 5 781 357,83
Average price last 6 months
R 14 948
Price/m² last 6 months
Average price per m2

The price per m² in Plettenberg Bay has had a strong decrease during the last 6 months. In September, the average price per m² was R 18 521. In the following month the price per m² decreased to R 16 643. The price for the following two months in (November, December) had a considerable decrease of 84 with regard to the prior two months. The price per m² has had a considerable deflation of 77 % 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 16 184,5 to R 12 475 during January, and February.

Average price

Based upon to the price in Plettenberg Bay (cities & towns), this has gone up considerably in the last 6 months. The price in September is R 5 092 975, rising in October till R 5 545 799. During the following two months (November, December) the price has had an average incrementation from R 5 319 387 to R 6 115 081,5. 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 5 717 234 and R 5 909 605 between January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 5 231 039 they are 62 % more affordable than the average price for Plettenberg Bay. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at R 4 598 889.

With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 12 144 / m², with an average R 14 177 / m² price in Plettenberg Bay. The properties with the highest average prices have 2 bedrooms. They are 56 % more expensive than the average followed by properties with 3 bedrooms with a price at R 20 701 / 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 5 231 039 it is 72 % cheaper than the average price in Plettenberg Bay. "Apartment" is seen as the second most affordable property type. The dearest property type is "Flat" followed by "Farm". At a price of R 15 364 451 it is 3065 % 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 11 149 / m² followed by "Apartment" priced at R 23 138 / m². "Flat" is the most costly type of property with a R 165 404 286 / m² cost followed by "Farm" with an average price of R 13 161 715 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Plettenberg Bay
Number of properties used in region Western Cape
R 5 231 039
R 14 177
1 558
240 036
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value