For 1 January 2013 to 31 August 2013:
Reported final sales of residential homes for the eight month period to 31 August 2013 totalled R119 200 000. For the same period last year the figure was R93 420 000.
The average selling price achieved in 2013 was R10 836 364 and the median i.e. middle price was R10 000 000, about 11% higher than the median price for the same period in 2012.
Selling prices achieved were, on average, 85% of asking prices, a small improvement compared with 2012.
The highest selling price achieved was R26 000 000.
The lowest selling price achieved was R3 250 000.
Prices of properties currently on the market range from about R4 000 000 upwards.
Source: Propstats as provided by the Institute of Estate Agents.
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Prepared by Laurence van Blerck – Upper Claremont and Bishopscourt Property Consultant at Chas Everitt International.
24 October 2013
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