What’s the Kirstenhof Market Doing?

So far in 2015 there has been a significant reduction in sales in Kirstenhof compared to 2014. Statistics to date are:
2014
67 Sales with a Rand Value of 125,000,000 at an average sales price of R1,877,000
2015
44 Sales with a Rand value of R88,000,000 at an average sales price of just over R2,000,000

House prices have increased slightly by 6% but there has been a dramatic drop of 34% in the number of sales concluded this year. This may be due to many factors such as insecurity or instability due to the current economic outlook. However several of Bruce Haywood’s clients have indicated that they love their suburb Kirstenhof for its convenience and value for money amongst other things and that they simply would prefer to stay where they are rather than scale up at the present time.

Kirstenhof remains as popular as ever for all age groups and at to a certain extent has become a Sellers market.

Contact Chas Everitt agent Bruce Haywood on 082 555 6810 if you have any property related queries.

Source: C.M.A Info

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