PropertyFox Neighbourhood Insights – March 2018

Apr 18, 2018 | All, Industry

As we have already marched out of our first quarter of 2018, we share our insights for what the month of March held in property.

Although February seemed to be one of our best months for scheduled property viewings, March seemed to come with its own surprises.

View Increase in the Cape Peninsula
It seems as if many potential buyers were interested in waking up to a sea breeze and waves crashing on the shore. We have experienced a 25% increase in viewings in False Bay (found on the Cape Peninsula) and surrounding areas throughout the course of March, compared to February. False Bay continues to grow in popularity, month on month; the Cape Peninsula area in particular seems to be gaining popularity especially in the Muizenburg and Fish Hoek areas.

Besides the popular Cape Peninsula areas growing in popularity, Cape Town’s Southern Suburbs have shown great buyer potential during the course of March. Observatory (with a 14% rise in viewings) as well as Wynberg is increasing in popularity.

The Western Cape as a whole seemed to be a firm favourite amongst potential buyers as it was the province with the most offers presented to sellers during the month.

Top scheduled areas for viewings
It comes as no surprise that the top areas where viewings were scheduled were all situated in the Western Cape (Cape Town specifically), these include Cape Town’s Central Business District (CBD), Royal Ascot (Milnerton), Bellville (Northern Suburbs), Observatory (Southern Suburbs), Muizenburg (Cape Peninsula) and Fish Hoek (Cape Peninsula).

Gauteng’s Randburg and Roodepoort also stayed a firm favourite amongst potential buyers, especially with Randburg experiencing a 37% viewings increase in the month of March.

Location Tips
Houses in Cape Town CBD’s bordering suburbs are selling at a quicker pace, with Mowbray in the Southern Suburbs receiving several offers within the space of 20 days and Observatory receiving offers within only six days of listing!

Ensuring that your property is priced right assists greatly in how quickly it moves. Our advisors are standing by to help you list for the right price.

PropertyFox has a variety of property listings nationally to make sure that our buyers are spoilt for choice, potential buyers should contact us today to make sure that they stay ahead of anyone else to secure the home of their dreams.

Get in touch with us today, whether you are buying or selling property, we look forward to helping you through your property journey!

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