Sonstraal Heights - Market Trends
From a Real Estate Agent’s perspective, we have seen a tremendous drop in sales during May 2017 – September 2017. The market picked up quite quickly after October 2017 and we had one of the busiest December /January periods we have seen in years.
Although we still have plenty of buyers and normally enough stock, I noticed that there has been a change in buyers’ behaviour. Today’s buyers are very well informed about the current market values and will not over spend on their purchases. They are looking for the best deal and are able to shop around (because of availability of stock) before making the decision to buy.
Sonstraal Heights
Sonstraal Heights remains one of the most popular areas for investors. The following are guidelines only, please feel free to contact me for a free valuation should you require a more exact value on your property. In Belami Ridge and Park View Heights, apartments without a garage are currently selling for between R950 000 -R1050 000, while those with a garage between R1 100 000 – R1 150 000. The other 65m² apartments in the area are currently selling for between R1050 000 – R1 350 000 (depending on condition, location and complex, and garage or no garage).
Townhouses are also in demand and currently selling for between R1 700 000 – R2 400 000.
Free standing houses are also in demand and currently selling for between R2 300 000 – R2 800 000.
( average 3 bedroom, 2 bathroom, double garage – depending on location and condition)
SONSTRAAL HEIGHTS CMA STATS
2016 – Full Title sales in units = 115 units sold - Average selling price R1 956 827
Sectional Title in units = 77 units - Average selling price R903 247
2017– Full title sales in units = 93 units sold- Average selling price R2 026 323
Sectional Title in units = 55 units sold - Average selling price R1 000 309
We currently have a number of qualified buyers for Apartments in the R1 100 000 price bracket and Townhouses in Sonstraal Heights in the R1 800 000 – R2 200 000 price bracket.