The chart below shows how much the average apartment sold for by area by the number of bedrooms for the full year 2009. Apartment Averages Sold Prices For the Year 2009 | | Researched and Prepared by Steven Delit | | Area | Number of Bedrooms | | | Bachelor | One | Two | 3 and More | | 3 Anchor Bay | 566,667 | 1,103,333 | 1,794,444 | 3,627,700 | | Bantry Bay | 737,500 | 933,250 | 2,074,200 | 8,689,615 | | Camps Bay | - | 1,775,000 | 3,062,500 | 7,967,200 | | Clifton | - | 5,166,667 | 9,775,000 | 16,707,143 | | Fresnaye | | 1,389,000 | 1,929,167 | - | | Granger Bay | | 1,922,500 | 7,200,000 | - | | Green Point | 720,750 | 1,191,375 | 1,611,857 | 4,706,500 | | Mouille Point | 1,044,167 | 1,216,667 | 2,827,400 | 6,312,500 | | Sea Point | 648,333 | 1,007,012 | 1,897,970 | 3,052,333 | | V& A Marina | - | 5,670,000 | 8,000,889 | 19,459,375 | | Weighted Average | 747,625 | 1,510,676 | 2,312,826 | 8,294,569 |
The chart below shows the median prices of apartments sold during 2009. The median means that half of the apartments sold were for below these amounts and half were sold for above these amounts. As you will note, the median is almost always less than the average price. | Apartment Median Selling Prices For 2009 | | Area | Number of Bedrooms | | | | | Bachelor | One | Two | Three or More | | 3 Anchor Bay | 525,000 | 1,115,000 | 1,712,500 | 3,700,000 | | Bantry Bay | 737,500 | 896,500 | 1,850,000 | 3,450,000 | | Camps Bay | - | 1,900,000 | 2,887,500 | 5,250,000 | | Clifton | - | 4,500,000 | 9,775,000 | 16,500,000 | | Fresnaye | - | 1,278,000 | 1,747,500 | - | | Granger Bay | - | 1,922,500 | 7,200,000 | - | | Green Point | 674,500 | 1,162,000 | 1,496,000 | 3,050,000 | | Mouille Point | 1,075,000 | 1,200,000 | 2,750,000 | 6,875,000 | | Sea Point | 670,000 | 950,000 | 1,600,000 | 2,950,000 | | V& A Marina | - | 5,750,000 | 7,690,000 | 19,200,000 |
The chart below shows the average price actually paid for an apartment during 2009 by square metre. For example to see how much an average 2 bedroom apartment of 100 square metres in Sea Point would have sold for in 2009, just multiply R17.357 by 100 and it would be R1,735,700. You can do the same for each area and each size apartment. | Apartment Average Selling Price Per Square Metre For 2009 | | Area | Number of Bedrooms | | | | | Bachelor | One | Two | Three or More | | 3 Anchor Bay | 12,836 | 15,352 | 16,098 | 15,155 | | Bantry Bay | 24,286 | 15,761 | 22,573 | 28,157 | | Camps Bay | - | 28,205 | 26,691 | 24,451 | | Clifton | - | 44,620 | 52,865 | 65,624 | | Fresnaye | - | 19,505 | 16,433 | - | | Granger Bay | - | 38,416 | 61,538 | - | | Green Point | 16,202 | 18,317 | 16,138 | 18,966 | | Mouille Point | 24,392 | 18,378 | 23,400 | 31,889 | | Sea Point | 14,863 | 15,635 | 17,357 | 17,827 | | V& A Marina | - | 58,194 | 53,171 | 61,424 | | Weighted Average | 17,551 | 20,715 | 20,081 | 30,799 |
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