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Tokai Property Snapshot

  2nd Quarter 2014 verses 2015
Total number of sales 15 14
Total Rand value 46,720,000.00 49,695,000.00
Average selling price 3,114,667.00 3,549,643.00
Average difference to asking price -6.5% -7.14%
Average days on the market 50 28

property inflationWith one less sale than for the same period last year, 2015’s Tokai performance looks quite rosy!

The total Rand value is up, the average selling price is up by R434,976, but the average difference between asking and selling price is almost .5% higher.

The biggest difference is number of days on market, houses have taken almost half the time to sell this year.

What does the market hold for the rest of the year?  No-one really knows, but with weak economic growth, the threat of rising interest rates and electricity costs, the property market is sure to be under pressure for the last six months of 2015.

What is your home worth in today’s vibrant seller’s market?  Are you interested in receiving a free evaluation?  Call Tokai Property Specialist Lisa Rowell on 082 844 0800 for any property related advice you may need.

Source: Propstats

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