Claremont Upper - Sectional Title Market Update | September 2025
Category Market Update
September saw market activity maintained at a rather uninspiring pace with once again there being just one sectional title sale recorded by Propstats in Claremont Upper.
SEPTEMBER SALE IN YOUR AREA
The single sale for the month of September occurred at the Intaba on Protea Road.
A large (166 sqm) apartment comprising three bedrooms/two bathrooms and offering two basement parking bays sold for R5 400 000.
This apartment listed at R7 995 000 during March. Its sale price reflects a 32.5% drop from listing price
This is illustrative of the critical importance of listing a property at a price that is within the context of a prevailing market. No matter how buoyant a market, an overpriced property will see the market speak with its silence.
Recent sales statistics at the Intaba do not support the original listing price and having to drop price can often be a slippery slope.
It is so often the case that a property priced correctly at the outset will sell for more than an overpriced property that goes stale whilst having to adjust price again and again.
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Author: Sean Guy
