Entertainers Delight

IMG_6477c IMG_6503Best described as an “Entertainers’ delight” in agent speak, but it is a warm home that a loving family will grow and remember.  Besides the three bedrooms it has the most delightful reception rooms that all opening onto a full-length, all weather patio with leafy views of a manicured garden setting off a sparkly blue pool and the Constantiaberg mountains.  The property is on a good sized corner erf and borders Dennendal, Tokai.  This really should be regarded as essential viewing and the sooner the better!  To view contact Lisa Rowell , and I do have to stress such a property is not going to be available for too long in this market so act now. Full details at :  http://www.cei.co.za/showpropertySC067000001994.cp

Tokai Property Snapshot

Tokai Property Snapshot – Sales and Trends for 2014 vs 2015

Table of Comparison: 2014 vs 2015

2014

2015

Total number of Sales

56

45

Total Rand value

R177,290,000.00

R153,825,000.00

Average Asking Price

R3,396,166.00

R3,360,333.31

Average Selling Price

R3,165,892.00

R3,418,333.33

Av negotiated down by buyers

-6.12%

-5.28%

Average Days on Market

39

31

Steady and fairly consistent results again for the suburb of Tokai.

Although there were 9 fewer sales, the average selling price was up by about 7.97%.

Buyers only managed to negotiate an average of -5.28% off asking prices this year compared to -6.12% last year. Gone are the days of immediately knocking 10% off asking prices.

Days on market, typically driven by asking price, remained fairly similar at 39 and 31 respectively.

It’s interesting from an Estate Agent’s point of view to see the changing trends in buyer sources.  Showhouses and Newspaper Advertising were King but stats tell the tale of their decline.  Showhouses;  only 11 in 2014 and a meagre 4 in 2015 yielded buyers.  Newspaper Advertising;  only 3 in 2014 and 2 in 2014.  Security concerns and ever more pressure to make the most of off time can be ascribed as reasons for fewer Showhouses, and of course the exponential improvement in form and functionality of property web portals will definitely impact on the cost-effectiveness of Newspaper Adverts.

There’s no doubt that fascinating times lie ahead with the threat of further interest rate increases ever present.  Real Estate activity will continue to be suppressed with pressure from banks keeping would-be first time homeowners in the rental market and with the continuing low stock situation, would-be sellers have little choice to tempt them into new investment.

Whatever lies ahead you can rely on our Tokai area specialist, Lisa Rowell, to be at your call for any property related advice.

With another round of municipal valuations on the cards in 2016, Lisa Rowell  – 082 844 0800 will be more than happy to provide free, no obligation and confidential evaluation so you can see what your home might be worth in today’s market.

(All figures sourced from Propstats for the suburbs of Tokai and The Hamlets, excluding Sectional Title and Lifestyle Estates.)

Celebrate all the Awesome Women in your Life

Womens Day - Chas

South Africa commemorates Women’s Month in August as a tribute to the thousands of women who marched to the Union Buildings on 9 August 1956 in protest against the extension of Pass Laws to women.

This historic march was a turning point in the role of women in the struggle for freedom and society at large. Since that eventful day, women from all walks of life became equal partners in the struggle for a non-racial and non-sexist South Africa.

“You gain strength, courage and confidence by every experience in which you really stop to look fear in the face.”

~Eleanor Roosevelt

Happy Mothers Day

Mothers DayHappy Mother’s Day! For all the moms out there today, we wish you a very warm and thoughtful day full of the love and appreciation.

Missing Kitty and Found Kitty

kittenUPDATE: FOUND

Sizzles is missing: 
Last seen on the 17 February around 4pm at  a house in Lismore Avenue. She is a small kitten (approx. 3kgs) and almost a year old. Grey in colour with distinctive markings as seen in the photo.  She has been chipped but may have lost her collar.
Please contact Kirsten on 0829279307 if found.

 

 

 

 

A black cat with no markings found was found in Brocker Way on the 18th of February at approximately 19:30.

Phone Eve on 021 712 2104 cell 083 440 0007 if you or know of the person who the cat belongs to.

 

Tokai Property Snapshot | February 2015

property inflationSurveying houses for sale in Tokai as of today’s date, one can’t help but notice there is nothing available for less than R4 500 000. There is still a dire shortage of housing stock for sale, and a long queue of buyers desperate to get into the area, and yet the days of entry level values of R2 500 000 to R3 000 000 seem to be long gone.

Has the shortage of sellers meant that the few properties that come onto the market can ask a premium?  Or is it just a coincidence that these large family homes of high value have all come onto the market at the same time?  And will they sell at those prices?

It will be very interesting to see if this bubble of inflated asking prices pushes Tokai into the same league as Constantia.  Or will optimistic sellers battle to sell and after months on the market be forced to accept much lower offers and everything settles back to prices as usual.

It’s been a long time since Tokai saw such dynamic trends.  What is your property worth in today’s market?  Contact area specialist Lisa Rowell for a no-obligation, free evaluation on 082 844 0800 or 021 794 0566.