Sales volumes dramatically increase in the Helderberg basinAn almost incredible upswing in sales took place in January and February this year in the Somerset West/Helderberg region, says Schalk van der Merwe, the co-franchisee (with his father Johann and in Strand with Wouter Joubert) for the Rawson Property Group's franchises serving the area. © Martin Schumann - Fotolia.com "Our franchises at Somerset West and Strand," says van der Merwe, "had 57 confirmed sales in January and February. This was a record for us and represents a 40% increase on the same period last year, measured by both units sold and in terms of overall turnover." One-third of the properties sold, says van der Merwe, found a buyer within one week and either the full sale price was achieved or a price within 5% of it. In all areas, adds van der Merwe, the fastest sales were achieved in the R800,000 to R3m bracket - in Strand the average price was close to R1m - but eight properties in the higher price brackets also found buyers in January. The most expensive home sold in February was priced at R6,500,000. Factors contributing to this successful month:
Shortage of stockThe challenge he and his agents now face which, he says, applies to the majority of estate agencies in the Helderberg basin, is to find enough stock. "An agent listing three new homes in one month is very likely to sell all of them within the same month," he says. "As always happens in these situations, price rises are taking place and so far, by my estimate, in the second hand market they are still not excessive - probably between six and 7% on average every year." The huge increase in the popularity of the Helderberg basin, van der Merwe predicts, will continue and will definitely influence the market in its favour and push up property prices. Those contemplating moving to the Helderberg basin who do not buy in the near future, he says, will find that they are losing out and that they will have to pay considerably more a year or two later. |