The prices in real estate in Struisbaai, 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 Struisbaai has increased strongly during the last 6 months. In October, the average price per m² was R 8 942. In the following month the price per m² increased considerably to R 10 704. In the following two months the price per m² has increased 108 %, going from R 9 823 to R 10 609 per m². The price per m² has increased 113 % 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 10 216 to R 11 543,5 during February, and March.
Based upon to the price in Struisbaai (cities & towns), this has gone up in the last 6 months. In our first sample month during October, the average price is R 3 509 763. In November This price remains at R 3 527 425. In the following two months the average price has remained the same with regard to the previous two months from R 3 518 594 to R 3 535 518,5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 4 211 459 they are 54 % more affordable than the average price for Struisbaai. The properties with the lowest average price have 4 bedrooms, Their price is 30 % cheaper than the average. After that we have properties with 3 bedrooms priced at R 2 848 849.
With regard to the average price per m² , those properties with 4 bedrooms are the cheapest ones at a cost of R 9 003 / m², with an average R 11 160 / m² price in Struisbaai. The properties with the highest average prices have 1 bedroom. They are 344 % more expensive than the average followed by properties with 2 bedrooms with a price at R 13 602 / m².
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of R 4 211 459 it is 68 % cheaper than the average price in Struisbaai. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of R 2 213 002 it is 29 % more affordable than the average price.
According to the average cost per m², the most expensive property type would be "House" at an average cost of R 11 161 / m² followed by "Apartment" priced at R 19 464 / m². "Land" is the most costly type of property with a R 1 367 944 / m² cost followed by "Apartment" with an average price of R 19 464 / m².