3rd Quarter Market Review: Atlantic Seaboard & Cape Town City Bowl 2023
Category Property Investment
Below is a Property Snapshot and overview of the residential sales in Atlantic Seaboard and City Bowl of Cape Town as taken from PropStats 1 July - 30th September 2023
Some notable changes from Q1 to Q3 2023:
Atlantic Seaboard:
- Sales increased by 43%
- Variance between Listing Price and Sale Price increased from 9,3% to 11,3% for Full Title homes
- Variance between Listing Price and Sale Price decreased from 8,7% to 7,9% for Sectional Title
City Bowl
- Sales increased by 26%
- Average number of days on the market for Full Title homes dropped from 125 days to 95 days.
- Sectional Title remains averaging around 150 days on the market.
If you would like more detailed data on a specific area or property please feel free to ask.
If you would like a valuation on a particular property you are considering selling, please contact me on 0829316166 / cesar@kinesisproperty.co.za
Author: Cesar Alexandre
