Are you considering investing in property along Cape Town's picturesque Atlantic Seaboard? Whether you're looking to buy or sell, it's essential to stay informed about the current state of the market. In this blog post, we dive into the August 2023 sales statistics for both full title and sectional title properties along the Atlantic Seaboard, providing you with valuable insights to guide your real estate decisions.
Full Title Properties: A Closer Look
In August 2023, the Atlantic Seaboard saw a total of 12 full title properties changed hands. These transactions accounted for a cumulative spend of an impressive R114,190,000. Let's break down the key statistics for full title properties:
Number of Sales: 12
Total Spend: R114,190,000
Average Price: R9,515,833
Median Price: R8,150,000
Average Price per Square Meter (R/m²): R23,894
Average Days on Market: 112 (Based on the last 12 months of sales data)
These numbers indicate that the full title property market in August 2023 was robust, with a healthy average price and a median price that showcases the diversity of options available to buyers.
Sectional Title Properties: A Comprehensive Overview
Sectional title properties, known for their shared amenities and communal living spaces, constituted a significant portion of the market, with 20 units sold during August 2023. The total expenditure on sectional title properties amounted to R121,375,000. Let's delve into the sectional title property statistics:
Number of Sales: 20
Total Spend: R121,375,000
Average Price: R6,068,750
Median Price: R3,887,500
Average Price per Square Meter (R/m²): R53,801
Average Days on Market: 66 (Based on the last 12 months of sales data)
The data for sectional title properties showcases a wide range of options, making it accessible for buyers with different budgets and preferences. The lower median price compared to full title properties is an attractive feature for those seeking affordability in this sought-after area.
Thinking of Buying or Selling?
Now that you're armed with valuable insights into the Atlantic Seaboard property market for August 2023, it's essential to have an experienced real estate specialist by your side. Joshua Parsons, the Atlantic Seaboard Luxury Auction Specialist at Harcourts Atlantic, is here to assist you in making informed decisions.
Contact Joshua Parsons today:
Phone: 076 803 1207
Email: joshua.parsons@harcourts.co.za
Joshua is dedicated to ensuring that you get the highest price for your property in the shortest possible time. Whether you're buying or selling, his expertise can help you navigate the Atlantic Seaboard property market with confidence.
Conclusion
Investing in Atlantic Seaboard properties in Cape Town is a unique opportunity to own a piece of this beautiful coastal paradise. With the August 2023 sales statistics in hand and Joshua Parsons as your guide, you can make confident decisions in this vibrant real estate market. Don't hesitate to reach out to Joshua and take the first step toward your dream property today!