Let’s consider as we close off a tough year, no tough 2,5 years just getting through Covid and the turmoil that SA faces, what the property prices in Randburg look like. The market is still solid. If, and if it’s price right for the current market.
How many properties have been transferred so far in 2022
This does not mean the recent sales from about September are registered yet. Those sales will pull through in early 2023. But to date, there have been 5,085 property transfers in the greater Randburg area.
Let’s look at property sales in Randburg by property type:
- Estate Freehold there have been 900 property transfers in the last 12 months.
- Estate schemes have seen 342 property transfers in the last 12 months.
- Freehold property sales is standing at 1,315 for the last 12 months.
- Sectional Title units in Randburg have seen 2,528 property transfers in the last 12 months.
Total Values of Randburg property sales by property type in 2022.
Again these numbers only show transferred prices over the last 12 months. These are the prices that buyers have paid for properties where property transfers have been concluded. The total value of all transferred property sales in the greater Randburg area amounts to a staggering R5,681,737,867. Let’s look at the values of concluded sales transactions by property type:
- Estate Freehold total transfer values over the last 12 months are noted at R2,016,867,000. And this across 342 property transfers highlights a total average sales price of R2,240,963.
- Estate Schemes notes a total transfer value of R412,157,000 in the last 12 months. The absolute average sales price is noted at R1,205,137.
- Freehold properties over the last 12 months show total transfer values of R2,622,639,000. Across the 1,315 transfers, the absolutely average sales price is noted at R1,994,402.
- Sectional Title units show total transfer values for the last 12 months as R2,644,925,000. Across the 2,528 transfers, the absolute average sales price is therefore noted at R1,046,251.
Reach out today and see what your biggest asset is worth in the current market
Absolute averages though for Randburg do not account for your unique property. Absolute averages will not sell your property either. Trust me every property is different. If you would like to know what the current value of your biggest asset is let us know.
As we all rush through the last month of the year and we are all pushing hard to finish up, for a hard year to say the least. Take a moment to consider how your biggest asset is worth. Our Keller Williams Select agents are the best and we really do sell properties faster because of our global award winning culture and also technology.
Keller Williams is the biggest and we are the best. And that’s globally. And, Keller Williams is a top 100 company to work for. So it is with confidence that I say we have the tools, the technology and the passion to sell faster than anyone out there.
Reach out today via our website for more information. Request a valuation and that’s it. Let us help you appraise the value of your biggest asset. Click here to get your free property valuation.
