Property Snapshot – Sectional Title Sales in Kenilworth Upper – 2016 vs 2017

Sampled Data Trends
The stats shown are for Sectional Title sales only, specifically in the suburb of Kenilworth Upper. 2016 2017
CMA Info:  (Updated from Deeds Office)
Total Number of Sales 79 70
Total Sale Value 155,706,999 150,846,500
Average Selling Price 1,970,974 2,154,950
Average Rand/m² 19,462 21,068
Propstats:  (Supplied by Participating Estate Agencies)
Total Number of Sales 26 37
Total Sale Value 54,045,000 90,980,000
Average Selling Price 2,078,654 2,458,919
Average Rand/m² 18,584 21,381
Average differential Listed vs Sale Price* -4.83% -5.07%
Average Number of Days on Market* 23 28
* Provision of this information is unique to Propstats


2016 and 2017 were certainly very busy years for our Sectional Title Team but they are anticipating an even more challenging period ahead as we all grapple with the prospect of “Day Zero” and a slow-down in the property market, as the change from a sellers’ to a buyers’ market becomes more evident.

Catchphrases of the day:

“The Water Crisis” – will dampen sentiment (no pun intended.)

“Semigration” – the real driver of economic growth in the Western Cape, will probably show signs of reversal.

“Affordability” = the biggest reason for the downturn.  In the past six months we have noticed a trend of multiple reductions in asking price, until eventually there is a sale or the property is simply taken off the market.

As always, an expert valuation on the current market value of your property will guide you in any decision to sell or stay and we look forward to travelling that journey with you.

This Post is sponsored by Chas Everitt Cape Town South


Free Property Valuation

Sectional Title ValuatorObtaining a property valuation is an essential step when thinking of selling but for other purposes too such as estate planning, insurance purposes and to keep up with your asset values.  So even if your move is not imminent, an apartment valuation still proves an excellent tool for indicating current market value, and possible room for improvements to increase the value of your apartment.

An online apartment valuation is a useful tool to get a quick and easy estimate of the actual price of your property.

By answering a few easy questions on the current condition of your apartment in the Southern Suburbs, our complimentary property value calculator, using the latest GIS (Geographical Information System) will provide you with an indication of how much money you could potentially make from the sale of your apartment if you are intending to sell or for the other purposes indicated above.

A feature unique to Valuator provides references to recent final property sales in selected Cape Town Metropolitan Areas, which have yet to be recorded in the Deeds Office. This value added feature ensures that our reports are reliable and up-to-date.Button BlackValuator is a service provided by: HOMEimage.

*HOMEimage is not an estate agency and offers specialised marketing solutions to property developers, hospitality industry, private property sellers and agents, such as 3D models, floor plans, virtual tours, professional photography, drone aerial photography, property marketing materials, and project management.

Give Away | Property Power

property powerProperty Power is giving away 10 copies of the 11th edition of ‘Property Power in South Africa’. To be entered into this draw subscribe to our Team Sectional Title blog. Winners will be announced on the Friday 26 February 2016 on our blog.

Buying or selling a home as well as moving, can be one of the most stressful experiences in your life, even more so if you are not properly informed, and it is probably one of the most important investments you will make. You need to understand your rights and obligations and learn to take control of the process.

Property and its wealth creating power is not an exact science, but a very complex industry, in which most of us share an interest. Property Power is designed to empower home buyers, home sellers, first-time property investors and owner-builders/renovators with knowledge regarding important aspects of purchasing and selling immovable residential property.

Too many people run into financial difficulty and have to live with disappointments after making hasty decisions and not taking control of their property transactions. Property Power is a magazine (including an interactive PC CD-Rom) in which we cover the most important facts with regard to property transactions as comprehensively as possible, while keeping it simple, user-friendly and easy to read.

If you missed out on the previous editions, don’t despair. Each year, after the Minister of Finance announces the new Budget, we update Property Power and release a new edition. Everything discussed in the previous edition is simply revised and modified to the latest developments, figures and legislation in the market and newly researched material is added.

Updated Information
Property Power is updated and published regularly. You can visit our website at any time to make sure that you have the latest edition and that you are not missing out on any new information, like amendments to certain acts, or changes in the interest rate, budget speech, and so on. We endeavor to update Property Power at least once a year, however sometimes an edition may be relevant for two years.

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