It’s that time of year when we look back and contemplate what’s been happening in our lives and our suburb as well as kick back, relax and enjoy time with our families and friends as the festive season washes over us.
Property action in Tokai was as vibrant as ever with around 60 sales recorded over the past 12 months. (Source CMAinfo.co.za). You may be interested to know that Tokai buyers invested a whopping R162 million in its leafy lanes and sylvan glades – the average price achieved being R2,752,000.00 (a slight increase on 2012 prices.) The lowest price was for an un-renovated unit in Forest Glade which went for R1,800,000.00 and the highest price attained was for a beautiful home in sought-after Dalmore Road at R4,600,000.00.
The smallest home sold was not actually the lowest price – a cutie pie of 110m2 went for R2,422,000 whilst the biggest home at 376m2 was nearly the most expensive at R4,350,000.00.
But you can analyse statistics till you’re blue in the face because when it comes down to it, there’s a buyer for every home – especially those that have been correctly priced in the market from the get-go – the ones that fly off the shelves! I believe the more ambitiously priced homes don’t do their owners any favours because they tend to sit, and sit, until almost past their sell-by-date, eventually going at a far lower price than hoped for.
I look forward to speaking to you all again in 2014 and getting busy with valuations and listings and sales as we strive to service the queue of buyers who phone and email and visit us daily, all wanting to live in the evergreen, ever-popular Tokai.