The chart below shows the actual average sold prices for the three months from January through March 2010. It will give you a good idea of what apartments sold for by area by the number of bedrooms. So, if you are working with a budget as almost everyone is, you might want to consider the area that best suits your budget. You should also consider the adage that it is better to have the smallest property in the best area, than the most expensive property in not as good an area. | Researched & Prepared by Steven Delit | | | | | | | | | | Apartment Averages Sold Prices For the First Quarter 2010 | | Researched and Prepared by Steven Delit | | Area | Number of Bedrooms | | | Bachelor | One | Two | 3 and More | | 3 Anchor Bay | 655,000 | 1,110,000 | 1,160,000 | 4,100,000 | | Bantry Bay | - | - | 1,600,000 | - | | Camps Bay | - | - | 2,900,000 | 5,400,000 | | Clifton | - | - | - | 12,675,000 | | Fresnaye | - | 995,000 | 6,125,000 | - | | Granger Bay | - | - | - | - | | Green Point | 625,000 | 1,133,333 | 2,123,222 | 2,891,667 | | Mouille Point | - | 1,450,000 | 2,875,000 | 10,400,000 | | Sea Point | 525,000 | 1,067,167 | 2,136,667 | 3,571,250 | | V& A Marina | - | - | - | - | | Weighted Average | 615,000 | 1,116,750 | 2,373,400 | 5,643,571 |
The chart below shows the actual sold price per square metre for the first quarter of 2010. To estimate the cost of an average apartment multiply the square meterage of the apartment you are considering by the appropriate amount by area and by bedrooms and compare to the selling price. For example a two bedroom apartment in Sea Point of 100 square metres would have sold for 100 times R18,666 or R1,866,000. | Apartment Average Selling Price Per Square Metre For The First Quarter 2010 | | Researched & Prepared by Steven Delit | | | | | | | | | | | Apartment Average Selling Price Per Square Metre For The First Quarter 2010 | | Area | Number of Bedrooms | | | | | Bachelor | One | Two | Three or More | | 3 Anchor Bay | 13,311 | 16,773 | 14,146 | 18,142 | | Bantry Bay | - | - | 22,535 | - | | Camps Bay | - | - | 29,592 | 28,091 | | Clifton | - | - | 30,322 | 63,338 | | Fresnaye | - | 17,768 | - | - | | Granger Bay | - | - | - | - | | Green Point | 18,382 | 19,257 | 19,728 | 18,818 | | Mouille Point | - | 24,167 | 28,119 | 31,611 | | Sea Point | 16,406 | 15,142 | 18,666 | 19,330 | | V& A Marina | - | - | - | - | | Weighted Average | 15,353 | 17,617 | 21,456 | 28,177 |
|