Buying and selling trends in the past three months
Category Branch Article
Pinelands
The real estate market has shown consistent price growth in the past 5 years and besides the difficult market, it has been stable for the last 3 months, making it an attractive option for both homebuyers and investors. Nevertheless, conducting thorough research to pinpoint areas with the potential for even greater returns before finalising investment decisions is advisable. Remember, the Pinelands property market offers opportunities, but the right choice depends on your circumstances and aspirations.
Thornton
While there has been a decrease in the number of buyers and sellers in the past three months, the demand remains high, and there is a shortage of suitable available properties. The central location continues to be a significant attraction for Thornton, ensuring a thriving real estate market for both sales and rentals. It's worth noting that overpriced properties often end up selling for about 10% below their initial asking prices. In Thornton specifically, properties priced below R2.4 million tend to sell rapidly, reflecting the market's strong interest in more affordable options.
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