Tokai Property Snapshot – First quarter 2015 vs. first quarter 2014:
Statistics show that there were 15 freehold sales last year for a total of R43 595 000 (an average selling price of R2 906 333) compared to 7 this year for a total of R23 100 000 (an average of R3 300 000). So whilst the number of sales is down this year the average selling price is up and again illustrates the state of the market at the moment which is favouring sellers all the way.
This is further backed up by the number of days on market; an average of 41 days in 2014 compared to 23 days in 2015. It’s taking about half the time to sell for a higher average price because of the low stock situation.
Buyers are locals, 50% of whom are cash buyers and the rest are bonded. Another interesting snippet is the differential between asking and selling price. In 2014 it was an average of -6.8% with not much change in 2015 at -6.4%.
With the low stock situation we’ve got an interesting ‘bubble’ of higher asking prices in Tokai at the moment. There are currently 17 homes for sale at an average asking price of R4 237 000. People are shaking their heads in disbelief at how the prices have jumped, but will they sell for those prices?
What is your house worth in today’s market? If you are you thinking of selling there could be no better time to do so. Please contact Tokai specialist, Lisa Rowell on 082 844 0800 for an up to date evaluation on your home.
Source:Propstats; “Sold” freehold properties in Tokai and The Hamlets, excluding Zwaanswyk and Lifestyle Estates for the periods 1 Jan – 1 April 2014 and 2015.
The Tokai Neighbourhood Crime Watch has organised the second of the series of the ACT Personal Safety Talk ‘Defend Yourself: Weapon Choices’. Two talks will be hosted this month at two different venues (content of both presentations will be the same) for the convenience for those attending.
The talk will cover questions such as:
If you’ve noticed the burgundy posters up on the lampposts all over our Southern Suburbs there are some thought-provoking messages on them, such as “Plumber saves 3 lives in only half an hour” and others to that effect. It took me a while to realize it was all in honour of the “Blood Donor Month” being held at the Blue Route Mall, Tokai. World Blood Donor Day on 14th June. Visit the Blood Donation Centre at the Edgars court and find out your blood group. This special month and day aims to raise awareness of the need for safe blood and blood products, as well as thank all the voluntary, unpaid blood donors for their life-saving gift.
A short questionnaire puts you into the blood donor seat and the feeling after you’ve “given” is really amazing – such a simple thing to save so many lives.
Full details here: http://www.blueroutemall.co.za/events.htm
If you take a look at the attached report which covers all property sales in your neighbourhood since January this year, you will see there have been a total of 29 confirmed sales to date with buyers having spent a whopping R84,750,000 compared to the same period last year which saw 31 sales realising R81,442,000.
When making further comparisons with last year’s data for the same period (not shown in the report) two things strike me most:
~ In 2013 the average number of days on market was 66.48 and in 2014 the average so far is only 39.62.
~ The difference between asking price and sale price in 2013 was -9.91% and in 2014 it is around -6.18%.
Convincing evidence that we are solidly in a seller’s market! There is not a lot for sale and buyers are in a weaker position to negotiate because choices are limited. As a result what is available sells quickly and much closer to asking price than usual.
To illustrate this further my last sale in Tokai was concluded in late April – it generated 68 buyer enquiries in just two weeks and sold for over the asking price, such is the pent-up demand for houses in the area.
As a proactive and invested agent in your area, and part of a proven local team, I sincerely look forward to assisting you with any property-related matters whenever you may need our services.
The LifeMatters Foundation is partnering with the Blue Route Tokai Spur to make a difference on the 3 June 2014, from 18:00 – 21:00. A fun event providing the opportunity to raise funds and create awareness around literacy, numeracy and life skills programs offered in Retreat, Steenberg and Westlake Primary Schools.
How it works: Bring your friends and family to Spur and enjoy a meal. The difference will be that when you pay for your meal between 18:00 and 21:00, the LifeMatters Foundation will receive 10% of the total profits made over that time period.
Support is needed so spread the word and help fill the Silver Mountain Spur!
The inaugural Freedom Ride Cape Town bicycle event will take place at Pollsmoor Prison in Tokai and proceed to the Parade / City hall to honor Nelson Mandela and to demonstrate how bicycles can unite and connect communities. Participants will gather at 07:30 at the entrance to the prison and after a short opening ceremony the race will start at 08:00. For more information email Andrew Wheeldon
KAPS (Karoo Animal Protection Society) is an organization providing a mobile welfare service for animals in deprived areas of the Little Karoo. A monthly garage sale of donated goods on behalf of KAPS will be held on Saturday the 31st of May, from 09:15 – 11:30am at 7 Moorland Crescent, Tokai. Follow the purple ribbons along Keyser River Drive (Road between Tokai Medicross and Blue Route Mall).
Items on sale vary from clothing, shoes, handbags to collectibles, books and gadgets.
For more information click here.
Enjoy a movie night with Steenberg and Bistro 1682 in Tokai. Enjoy a hearty winter meal (vegetarian options are available), popcorn, Steenberg wine gums, cheese and crackers, and a movie for R190 per person.
Wine is available for purchase prior to the start of the movie.
For more information click here Tokai community event notice was brought to you by Chas Everitt – Tokai Click here to view Tokai property for sale