Simon’s Town Real Estate News

The Simons Town Property Trends 2006 vs First Quarter 2007

April 10, 2007 – 5:40 pm | by Johan

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The March 2007 Simon’s Town property trends are now available to SimonsTownRealty.Info members.

The property trends as far back as April 2005 are shown and discussed.

For example how did the number of properties sold per month and the average monthly value of residential property compare during this time. Other interesting statistics are the time it takes to sell homes in Simon’ Town and the average price buyers are willing to pay per square meter for residential property.

During the last week I thought it would be interesting to also look at the following questions:

How does the first three months of 2007 differ from 2006 with regards to Simon’s Town properties?
Did the number of properties sold increase or decrease?
Did the total value sold per month increase or decrease?
Are Simon’s Town property owners getting more for their properties in 2007 than in 2006?

The number of properties sold per month.Please note all Simon’s Town suburbs containing the phrase glen or cairn are not included in the discussion below. If you need to know more about these then downloaded the comprehensive report here.The table below shows the average number of properties sold per month for 2006 and the first quarter of 2007. You’ll notice that 4.3 homes sold per month in 2006 and 4.3 per month during the first quarter of 2007. The same is true for sectional title properties with approximately 2 units selling per month.

Comparison	2006	1St Qrt 2007
Full Title	4.3	4.3
Sectional Title	1.9	2.0

The average total value of properties sold per month in 2007 increased by 10% when compared to the 2006 figure. The increase came from full title properties, while the volume for sectional title properties decreased during the first quarter of 2007.

The average selling price for full title properties increased by 11% to R2 176 538.

The property turnover in 2006 was on average 12% and increased to 13% for the first quarter of 2007.

For a detailed comparison between 2006 and the first quarter of 2007 download the following document here.

The comprehensive trend analysis from April 2005 to February 2007 can be downloaded here.

SimonsTownRealty: Sell, Buy A Simon’s Town Property? Phone Today 021-7864028 or 082 870 2004

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