As the last quarter of 2022 begins it is a fitting time to reflect on how the market has performed for the year to date. It has been an exciting one with some record sales and interest in the Cape Town property market at an all time high.
Full Title Statistics
There have been 139 full title sales recorded with a median price of R10 000 000, which represents a growth of 4,44%.
Sectional Title Statistics
542 sectional title sales have been recorded for the year to date with the median price sitting at R2 925 000 representing a growth of 10.38% from 2021.
These numbers are good news for property owners on the Atlantic Seaboard and show that the market is slowly recovering from the correction, which happened between 2018 and 2020.
If you are looking for any further information regarding the Atlantic Seaboards property market please do not hesitate to get in touch with Joshua Parsons your Atlantic Seaboards property specialist using the details below.
Phone/WhatsApp: +27 76 803 1207