Property Values Western Cape

2019-07-26 18:43:51

Western Cape Property Values - Property Valuations in Western Cape and surrounds

Know your property values in an instant with Tomprop.com leaders in Property Data Science and Live Property Valuations.

Why we do not use Past Property Sales Stats

Past sales stats are irrelevant to current market conditions, and these stats are littered with sales between family and friends, quick sells, liquidation sales, deceased estates and so on. One cannot seriously utilise these tainted statistics as a gauge of property pricing by any means.

Why we only use current asking prices per square meter per suburb as a true market value

The true market value of any residential property is the sum weighted average price per square meter currently on the market in your suburb TODAY!  Should you wish to put your property on the market then you have to compete with all other properties currently on the market. It, therefore, goes without saying that if you do not compete in the Live Pricing space, then you are not IN the market, but merely making up the numbers.

KNOW YOUR LIVE PROPERTY ASKING PRICES IN AN INSTANT with TOMPROP.COM Data Science

Statistical Information you can rely on. (view all suburbs on Tomprop.com Statistics)

LIVE ASKING PRICES and 6-month movements where relevant

Some of the movers and shakers in Western Cape and surrounds for the past 6 months are:

Jan – July 2019

Standout Property Pricing Growth: Apartments/Houses

Gordons Bay Apartments                                             9,60%

Cape Town City Centre                                                 8,02%

Knysna Central                                                             7,76%

Bloubergstrand                                                             7,73%

Table View                                                                    7,24%

Hermanus Westcliffe & Voelklip                                   9,42% and 7,16% respectively

Knysna Central                                                             7,20%

Woodstock                                                                    6,70%

Mossel Bay Central & Dana Bay                                 5,99% and 5,73% respectively                    

Sea Point                                                                      4,91%

Green Point                                                                  4,30%

Herolds Bay George                                                     4,04%

Mossel Bay De Bakke                                                  5,75%

Mossel Bay Central                                                      5,70%

 

 

Areas with reduced Live Asking Prices: Apartments/Houses

Simola Knysna                                                              -9,52%

Melkbosstrand – Van Riebeeckstrand                          -4,87%

Parklands                                                                      -4,13%

Waterfront                                                                     -2,61%

Westcliffe Hermanus                                                     -2,56%

Claremont                                                                      -5,22%

Vredehoek                                                                     -2,26%

Observatory                                                                   -1,92%

 

Make use of our built-in calculator with factors and refine your property valuations: It is free and available for you to download and use for all Residential Property Valuations https://tomprop.com/statistics

The factors which are to be used when taking the weighted average price per square meter as a yardstick are as follows:

 

Adjusting Factors: may be seen on our main Blog - Property valuations made easy