Estate Living Magazine Estate Living Issue 29 May | Page 12

Estate Report SOMERSET WEST AREA PERIOD OF OWNERSHIP Recent Sellers Existing Owners Suburb : Somerset West Municipality : City of Cape Town Town : Somerset West Province : Western Cape 40 % 27 % 11 % 12 % 15 % 23 % 33 % 38 % 11 > 8-10 5-7 < 5 years AGE OF RESIDENTS Recent Buyers Stable Owners 35 % 22 % 34 % 28 % 26 % 33 % 5 % 17 % 65 > 50-64 36-49 18-35 years TRANSFER INFORMATION GROWTH ACTIVITY MEDIAN PRICE ( R ’ 000 ) NUMBER OF REGISTRATIONS ESTATE LIVING Freehold Vacant Land TOWN MUNICIPALITY MEDIAN VALUATION Somerset West City of Cape Town R 2 550 000 Theewaterskloof Theewaterskloof R 2 050 000 Gordons Bay City of Cape Town R 1 350 000 Eersterivier City of Cape Town R 560 000 Strand City of Cape Town R 500 000 2 600 800 2 000 1000 500 200 0 1500 640 1500 1550 572 1300 568 1595 1700 1695 2100 575 2431 2600 2325 1675 760 872 812 834 850 550 900 915 1120 1050 1445 1050 1150 495 530 550 660 1 200 400 1 000 500 300 200 0 688 159 605 673 868 752 848 1134 935 901 786 86 2 298 236 234 154 126 153 242 282 331 364 402 414 497 52 127 169 240 171 198 143 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018