by Paul Levy & Gisela Spingies
Well-established and trusted agents of choice, Paul Levy & Gisela Spingies.
We specialise in residential property in only The Waterfront and Mouille Point with a com bined industry-experience of over 40 years.
A total of 22 confirm ed sales were recorded thus far this year This com pares to a total of 25 sales during the sam e period last year (Jan ? July?24)
The average selling price of R19.3 m illion however shows an increase of 17.62% com pared to R15.9 m illion average sales price recorded during the sam e period last year.This across the yacht basin and the canal apartm ents.
The highest selling prices thus far this year were R40 m illion (230m ² apartm ent in Pem broke,R33 m illion (341m ² apartm ent in Bannockburn) and R29.5 m illion (357m ² apartm ent in Bannockburn).
Year to date,the sales price per square m etre has averaged R102 127/m ² ? an increase of 7.5% com pared to the sam e period last year The highest rate achieved thus far this year was R173 913 / m ² in Pem brooke
In term s of tim e on the m arket,the average tim e on the m arket thus far this year was 104 days ? with a range from just two days to a m axim um of 981days During the sam e period last year,the average tim e on the m arket was approxim ately 138 days.
Year to date,sales prices were an average 9 8%below listing price com pared to 8.2%during the sam e period last year.
A total of three sales during this period,with an average selling price of R779 m illion - 22% down com pared to the R10 m illion average sales price recorded during the sam e period last year.
PRICE PER SQM:
Year to date,the sales price per square m etre has averaged R100 335/m ² ? an increase of 26.8% com pared to the sam e period last year.The highest rate achieved thus far this year was R123 762 / m ² .
In term s of tim e on the m arket,the average tim e on the m arket thus far this year was 130 days ? with one property selling within 11days while the other was listed for 248 days Last year,the average tim e on the m arket was 46 days.
Two sales recorded in The Silo thus far this year were concluded at full asking price During the past period last year,the average discount to asking price was 15 5%
A m agnificent spacious apartm ent finally on offer.Sold fully furnished.The front wrap-around patio is large in depth and width, and m oreover m arina facing with a perfect vista of the yachts,the sea,the Waterfront retail area,and the coast line of the Cape.This patio provides an ideal entertainm ent and barbecue area,Both the day and evening views are startlingly m agnificent.
