Newlands - Sectional Title Market Update | July 2025
Category Market Update
MARKET OVERVIEW
July saw the market condition, at play for the better part of this year, continue to define the marketplace.
Stock remains in very short supply, demand (if anything) has increased and we continue to achieve record sale prices as a result of this highly competitive arena.
Number of sales remain few in number - but the prices achieved for those that do come to market are out of kilter with any market of recent years.
If ever there was a time not to have your property assessed in terms of past sales performance at your sectional title block or estate, it is now.
Even the miserable winter, traditionally the 'off-season' in the sales calendar, has not dampened the appetite for buyers to acquire a property.
JULY SALES IN YOUR AREA.
Drawing on Propstats, the primary property-sale data base, just one sectional title sale was recorded in Newlands during the month of July.
An 83sqm two bedroom/one bathroom apartment listed for sale at Stellenberg on Protea Road (on the border with Claremont).
It sold promptly (15 days) for R3 875 000 being just on 97% of listing price.
At present and according to Property24 there are seven sectional title properties listed for sale in Newlands, four of which are at the newly complete Newlands Peak, below the main road. Three of these seven properties are currently under offer.
A new development has just launched named Marlow on the Mill. This is to be neighbour to Newlands Peak and multiple units are available for sale off-plan.
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Author: Sean Guy
