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Centurion property saw R6.13bn in sales in ‘slow’ 2018

12 Feb 2019

Even though Centurion consists of about 60 security estates and 40 residential suburbs and there are around 9 000 properties for sale at any given time, only 4 967 units - to the value of R6.13 billion - were sold in 2018.

This four bedroom, two bathroom home in Eldo Glen, Centurion, has a double garage, as well as additional parking for up to nine cars, a splash pool and more. It is on the market for R2.75 million - click here to view.

Steve van Wyk, Seeff’s MD in Centurion, says that 2018, however, was not the most challenging year by far for property in Centurion. “The worst year for sales was in 2009, when only 3 600 units were sold to a value of R2.5 billion, and the best year for sales was in 2015 when 7 560 units were sold to the value of R7 billion.”

This two bedroom, one bathroom first-floor apartment in The Reeds, Centurion, is on the market for R670 000 - click here to view.

“50% more sales were made in 2015 compared to 2009, which demonstrates the market’s resilience to bounce back when market conditions improve.”

Van Wyk adds that even though the political climate and economic circumstances did play a role in 2018’s sales activity, the main reason for not selling remains overpricing.

On the fairway in Centurion Golf Estate, this home has three bedrooms, two bathrooms, a pool, air-conditioning, underfloor heating, and more. It is on the market for R7.2 million - click here to view.

“I would say that this is the case about 99% of the time. If your property is correctly priced it can, and will, sell in any market.”

Van Wyk says generally speaking, the prices in Centurion are relatively flat, but at the Seeff branch the average price per sale increased from R1.47 million to R1.74 million.

This four bedroom, three bathroom home in Candlewoods Country Estate, Centurion, has a kitchen with scullery, patio with built-in braai and double garage. It is selling for R3.4 million - click here to view.

According to a recent report issued by Lightstone, with which Van Wyk says he agrees, the run up to the national elections will likely see uncertainty in the property market increase as the political and economic environment remains tumultuous, but that there are early indications in the data that the industry could still experience a robust recovery in 2019.

This 1 350sqm architecturally-designed home in Blair Atholl Golf Estate in Centurion overlooks the 5th tee, and has expansive entertainment areas, a pool, six garages, four bedroom suites, and more. It is selling for R15 million - click here to view.

In their forecast, Lightstone predicts a 3% national house price increase at the end of 2019, 2.5% for the luxury market, 2.9% increase in the high-value segment and 4.7% in the mid-value segment.

This neat two bedroom, two bathroom townhouse in Heuwelsig Estate, Centurion, has a covered patio with built-in braai. It is on the market for R900 000 - click here to view.

Van Wyk says that Centurion has 83 929 properties of which 21 507 are sectional title, 30 556 are full title and 31 866 are in estates.

“There is a broad selection of property and real estate, ranging from entry-level homes to exclusive mansions available to satisfy all buyers. Depending on the suburb or estate, prices in Centurion can range from R600 000 to in excess of R40 million.”

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