Kenilworth Upper - Sectional Title Market Update | August 2025
Category Market Update
August was a lack lustre month insofar as sales in your area are concerned with there being just one sale recorded by Propstats.
While stock remains in very short supply, let's not forget that winter always plays a big role in market performance.
We are moving out of the 'off season' and it is likely that the summer months will see more stock entering the market.
My feeling is that, should this occur (as it has in past years) it will be those properties who list ahead of the pack that will benefit from the backlogged buyer demand.
It is probable that, should more stock become available as we approach the traditional selling season, that the current tension between supply and demand will abate and the market settle.
There is a discernible anxiety to sell amongst many property owners.
Whilst there is an appreciation that the market currently represents a 'perfect storm' for a seller, there is a concern that, having sold (probably at an unprecedented price and in next to no time), finding something to buy may be a real challenge. For this reason, the current market has become self-perpetuating!
I certainly trust that an influx of new summer stock will ease matters.
AUGUST SALE IN YOUR AREA.
Drawing on Propstats, the primary property-sale data base, one sectional title sale was recorded in Kenilworth Upper during the month of August.
I brokered this sale.
Kenmain Gardens has enjoyed an abiding high regard in the marketplace for years.
It is an art deco gem, beautifully maintained by an attentive body of trustees committed to maintaining its architectural heritage.
The estate features beautifully tended gardens and lawns.
I listed this 135 square metre three bedroom/one bathroom apartment on a Wednesday in August. It went to market at a very bullish R3 195 000
This apartment, though attentively maintained during the sellers 32 year tenure as owner, was largely in its original condition with no upgrades made to the single bathroom or to the kitchen.
Given the volume of interest shown in the listing, I hosted an open hour on the Thursday evening that was a very crowded event.
By the following day I had procured four offers on the property that started at full asking price.
The apartment sold within 48 hours for R3 375 000 - some R180 000 over asking.
This is a remarkable sale and has established a new precedent at Kenmain Gardens, from which all owners there shall benefit.
This represents a significant leap in property values at the estate especially when it is noted that the last sale at Kenmain, prior to this sale, was during December 2024 when a unit of the identical size sold for over R1 000 000 less!
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Author: Sean Guy
