Newlands Freehold 2023
Number of transfers: 122
Total sales value: R934 833 337
Highest sale achieved: R29 000 000
Lowest sale achieved: R2 100 000
Average Price: R7 662 568
Average Price per m²: R11 907
Market Comment
As we enter 2024 it is clear from a lack of supply and exceptional demand that the Newlands area continues to attract buyers relocating within Cape Town and from across the country as it holds and strengthens its reputation as a premier Cape Town suburb with schools and convenience still given as the top two reasons to locate in this area.
Property prices remain very resilient and all types of residential property are in strong demand.
Information sourced from CMAinfo