Here is your FREE Randburg Property update for June 2022, from Lightstone. If you would like a copy of this suburb or town report, feel free to drop an e-mail, click here. Here we give you high-level numbers showing how prices vary in Randburg overall, according to property type. This recent market activity is for the period of May 2021 to May 2022.
How are the Randburg properties spread by property type
From the highest to the lowest, by percentage in Randburg, we will outline how the property market is spread by property type:
- Sectional Title Units in Randburg and there are a total of 31,952 which makes up 40% of all Randburg properties.
- Freehold Properties in Randburg shows a total of 31,267 registered properties. This makes up a total of 39% of all Randburg properties.
- Freehold in Estates within Randburg is made up of a total of 13,967 properties which makes up 18% of the greater Randburg area.
- Freehold Properties in an Estate in Randburg shows a total of 2,471 properties which makes up a total of 3% of all Randburg properties.
Randburg Sectional Title property values
The largest group of property ownership in Randburg is that of Sectional Title Properties. There are 2,583 recorded transfers over the last 12 months in the greater Randburg area. The total transferred property value for the area is currently noted at R2,577,083,000. Again, that’s a lot of numbers! In summary, the absolute average sales price for sectional title properties in the greater Randburg area is noted at R998,000.
Then, there are Randburg Freehold Property Prices
The second-largest portion of property ownership in Randburg is Freehold property. In the last 12 months, there have been 1,479 property transfers in the area. The total transactional value is an astounding R2,813,460,000. And the absolute average sales price for a freestanding property in Randburg is R1,902,000.
Estate Freehold within the greater Randburg area
This is the third-largest property sector within the greater Randburg area. In the last 12 months, there have been 982 property transfers recorded. The total sales value of these properties is recorded at R2,114,994. That a lot of numbers! The absolute average transfer price for a Freehold in an Estate property is noted at R2,154,000.
Finally, let’s consider Freehold Estate Properties in Randburg
In conclusion, the smallest section of property ownership in Randburg is that of Estate Freehold properties. There have been 323 recorded property transfers in the area. Total sales value over 12 months is noted at R341,080,000. And, in conclusion, the absolute average sales price across all these 323 sales is noted at R1,056,000.
Need a more granular view of what your Randburg property is worth?
Just reach out and let us prepare a free property valuation. Remember your Randburg property valuation is always free. We will provide you with recent Randburg sales activity for the past 12 months. Our KW Select estate agents will provide you with a good feel for the current property market and we will show you how well have done in the last 12 months selling property in Randburg. In addition, we have loads of happy customers whether that’s happy buyers or delighted sellers.
Why work with Keller Williams
Well, Randburg residents, it is simple. We have access to the best technology globally. What that means for you is that when we list a property, we are able to sell it so much faster because of our world-class technology. Our record is sold in 2 days. We take professional photos which include an HD video that will showcase your property better than the rest of your competition. We work with all kinds. Difficult tenants, wonderful sellers, and the list goes on. We will also recommend only the best contractors to do your Electrical Compliance Certificate when you sell. And our job is to navigate all the hurdles that come up when you sell. You see we are there from day 1 and we are there for you every step of the way through to a successful key handover. We carry the load, and we make selling your home in Randburg a breeze.
Get a free property valuation in Randburg
Keller Williams is the largest franchised real estate brand in the world. We have the best systems capabilities making it easy to leverage qualified buyers that could have eyes for your property. Click here and book your valuation online. We are here to help, and we are good at what we do.
Get in Touch
So, if you need a valuation done on a property in Randburg or anywhere in Randburg or elsewhere in Jhb, we can help. Give us a call on telephone number (064) 549-3123. Alternatively, drop us an e-mail at kwselect@kwsa.co.za. We have a vast network of almost 1,500 top Keller Williams agents at our fingertips who are all just dying for the opportunity to partner with you to sell your home in Randburg and more importantly, to successfully conclude your property transfer in record time.
If you want to view all the Keller Williams properties across the country, click on our website to start the search for your dream home in the Randburg area. Need help getting a pre-approved homeloan, it’s free and our strategic partners will find you the best rate over 20 years! And finally, if you are thinking of putting your property on the market and need a free property valuation, click here!
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