What is happening in our property market?
OVER the last few weeks I have discussed different aspects of home ownership, all of which help us develop a special bond with our homes.
Unfortunately, more often than not our circumstances change and we find that we need to look for somewhere more suitable to stay.
The good news is that there is quite a lot of property activity in Port Alfred, Kenton-on-Sea and surrounding areas. Here are some stats over the last 12 months that you might find interesting:
In Port Alfred a total of 239 units were sold, with 67 of these units falling into the R400 000 to R800 000 category, 92 in the R800 000 to R1.5-million category, 18 in the R1.5-million to R3-million category and seven properties for greater than R3-million.
Kenton and Boesmansriviermond saw sales of 84 units, 12 of which ranged in the R400 000 to R800000 category, 21 in the R800 000 to R1.5-million category, 23 in the R1.5-million to R3-million category and four for greater than R3-million.
The good news is that if your property is properly priced, there is a good chance that it will be sold within a reasonable time.
We have people who are keen to buy in the area. Sixty-six percent of the sales in Port Alfred are for between R400000 and R1.5-million, while 57% of the buyers in Kenton and surrounds are prepared to pay between R800000 and R3-million.
There seems to be a market for higher priced homes too that meet the specific requirements of the buyer.
We have the buyers, so if you are thinking of selling, start tidying up your property so it is ready to seduce a new owner. Please contact me on
firstname.lastname@example.org should you wish to discuss the market in more detail or are interested in selling your property. I look forward to hearing from you.