Market Now Favours Sellers As The Cape Town Summer Sets In
Category Market Update
The arrival of summer has brought more than just sunny days to the Cape Peninsula, it has also ushered in one of the most opportune times for property owners to sell.
While it is still largely a buyer's market elsewhere in the country, the Cape Town market now strongly favours sellers. With stocks depleted in many of sought-after areas, this shortage has created the perfect opportunity for sellers to capitalise on the robust market demand and achieve good prices.
Cape Town continues to defy national trends, leading the country in price growth, a considerable benefit and advantage for those looking to list their properties. This sustained demand is driven by local, national, and international buyers flocking to the popular Cape Town Southern Suburbs and Constantiaberg areas, drawn by the lifestyle and strong investment proposition.
This intense demand is translating into faster sales timelines. Where it takes up to 90-days to sell in the rest of the country, it takes 30-days on average in Cape Town with many sellers achieving even faster sales, especially those who work with Seeff's local area agents. In some areas properties sell within a day to a week, and in some cases, they sell to waiting buyers before even being listed.
Accurate pricing and working with a local area agent who knows the market and what buyers are looking for is delivering outstanding results for sellers. This accelerated timeline minimises the stress and holding costs which are traditionally associated with selling, offering a distinct competitive advantage for sellers.
Buyers are generally highly motivated, and in many areas, face competition due to the shortage of properties for sale. This provides unprecedented opportunities for sellers to capitalise on opportunities currently presented in the market. We are now also entering the traditionally busier summer months, further adding to the demand and opportunities for sellers.
Working with a local Seeff property agent provides an added advantage to sellers. Decades of experience combined with the latest Proptech, and market technologies means our sellers have the edge over the rest of the market. We have a database of verified buyers who are just waiting for the right property to come onto the market. We are able to provide the correct pricing guidance based on actual sales data rather than mere estimations.
Seeff's comparable sales analysis and recommendations combined with our extensive marketing tools offer a distinct advantage which is the key to success for our sellers. We know precisely what the market is looking for, how much buyers are willing to pay, and how sellers should prepare their properties for maximum market impact.
We target the most qualified buyers, and effectively navigate various offer scenarios to secure the highest possible sale price in the shortest time. This specialised knowledge transforms a favourable market into a maximum return on investment for the seller.
If you are thinking of selling, or would like to know how much your property could sell for currently, why not let us give you a free, no-obligation assessment. Contact us today!
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Author: Gina Meintjes
