The prices in real estate in St Helena Bay, in the Western Cape region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in St Helena Bay has increased strongly during the last 6 months. In February, the average price per m² was R 43 465. In the following month the price per m² decreased to R 37 002. The price for the following two months in (April, May) had a considerable increment of 243 %. The price per m² has had a considerable deflation of 59 % 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 68 989,5 to R 40 977,5 during June, and July.
Based upon to the price in St Helena Bay (cities & towns), this has gone up in the last 6 months. The average price for February is R 2 030 263. During March the price had a slight fall till R 1 914 047. During the following two months (April, May) the price has had an average incrementation from R 1 972 155 to R 2 154 900. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of R 2 513 575 they are 47 % more affordable than the average price for St Helena Bay. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at R 2 183 003.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of R 10 882 / m², with an average R 11 434 / m² price in St Helena Bay. The properties with the highest average prices have 1 bedroom. They are 11651 % more expensive than the average followed by properties with 2 bedrooms with a price at R 13 597 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 2 513 575 it is 76 % cheaper than the average price in St Helena Bay. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of R 2 081 078 it is 7 % 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 7 243 / m² followed by "Farm" priced at R 10 324 / m². "Commercial" is the most costly type of property with a R 1 026 770 / m² cost followed by "Land" with an average price of R 603 689 / m².