The stats shown are for Sectional Title sales only, specifically in the suburb of Rondebosch Upper and Rondebosch Village.
2016 and 2017 have been busy years for the Sectional Title Team and as we anticipate a more challenging period ahead where we all grapple with the prospect of Day Zero and a slow-down in the property market, where there is a noticeable change, from a sellers ‘market to a buyers’ market, becomes more evident.
“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 some changes, a trend of multiple reductions in the asking price, until eventually a sale or the property is taken off the market.
As always, we would be more than happy to bring you up to date with an expert evaluation on the current market value of your property. Charlene (083 765 2116) or Lisa (082 844 0800) is ready to assist you with your decision to sell or stay and look forward to travelling that journey with you.
Data obtained from CMA info (updated from Deeds Office) and Propstats (supplied by participating Estate Agencies).
This post is sponsored by Chas Everitt Cape Town South