Constantia Sales Comparison

The last year was a tough one for property, but we are seeing more activity and a more positive outlook already at the start of this year. This is not translating into price increases, but owners who accept the market situation and price accordingly will be able to sell. The table below shows properties that have transferred, and does not include properties that have sold but not yet registered in the new owners' names.

• Many properties are withdrawn from the market and/or rented out if a certain price cannot be achieved. This has kept average prices artificially high, and reduced the number of sales.
• Levels of stock remain high, if current sales volumes continue it will take between 1 and 2 years to sell what is currently listed on the market.
• The main reasons for selling in Constantia are downsizing, emigration, personal reasons/deceased estates and upgrading. Relatively few are due to financial pressure, to move closer to work/schools or selling investment properties.

		Number of Transfers	Average Price
Constantia Doordrift	2019	36	R4,663,597
	2018	44	R 4,646,193
	Difference	-18.18%	0.37%
Constantia Hills	2019	11	R 5,851,364
	201	24	R 6,202,780
	Difference	-54.17%	-5.67%
Constantia Rural	2019	11	R 7,231,818
	2018	6	R 8,833,333
	Difference	83.33%	-18.13%
Constantia Village	2019	4	R 5,887,500
	2018	7	R 6,321,429
	Difference	-42.86%	-6.86%
Total Area	2019	62	R 5,908,570
	2018	81	R 6,500,934
	Difference	-23.46%	-9.11%

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