by Paul Levy & Gisela Spingies
Well-established and trusted agents of choice, Paul Levy & Gisela Spingies.
We specialise,area-specific,on only The Waterfront and Mouille Point with a com bined industry-experience of over 40 years.
A total of 24 confirm ed sales between January and July 2025,slightly up from 18 sales recorded during the sam e period last year We have rem oved the retirem ent building Good Hope Park (GHP) sales from these num bers and the stats below.
GHP has had an im pressive 8 sales so far this year. The average sales price for these 24 sales was R10.4 m illion ? an increase of +43.98%com pared to the sam e period in 2024.This has been largely influenced by the increase in sales in the higher price range apartm ents this year.
The highest prices achieved this year in Mouille Point were R27 m illion (195m ² apartm ent in Elstree,Waterclub) and R25 m illion (311m ² apartm ent in Two Oceans Beach).
Year to date,the sales price per square m etre has averaged R74 568 /m ² ? an increase of 33 5%com pared to the sam e period last year ? again influenced by the luxury-apartm ent sales The highest rate achieved thus far this year was in Elstree,Waterclub at a rate of R138 462/m ²
During the year to date,the average tim e on the m arket was 155 days ? ranging from four properties which sold on the day of listing to a property which was listed for 1612 days.In 2024,the average tim e on the m arket was 138 days.
Year to date,sales prices were an average 12.6%below listing price,higher than the average 6.1%during the sam e period last year.
