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North West property sales picking up

24 Oct 2012

There is a wide selection of homes on the market in various North West towns with sales picking up in recent months and expected to improve in the next 18 months.

This three bedroom, two bathroom house, located in Irene Park, has a built-in bar and space for three vehicles in the garage. It is on the market for R810 000 - click here to view.

Louise Snyders, who owns the RE/MAX franchise which operates in the Klerksdorp, Orkney, Stilfontein and Hartebeesfontein areas, says the franchise has achieved a record sales in the month of September.

The highest sales number is in Stilfontein, she says. The lower priced properties are between R350 000 and R450 000 and that is the most popular price category.

Snyders says the northern suburbs of Wilkoppies, Flamwood, and Doringkruin are the most popular areas in Klerksdorp, where the majority of the price enquiries come from properties priced between R700 000 to R1 million and smallholdings of R2 million.

In terms of entry-level properties in these areas, Snyders says  in Stilfontein, three-bedroom homes with one bathroom and one garage start at R300 000, while one bedroom flats are priced from R220 000.

In Klerksdorp three bedroom homes with one bathroom and one garage start at R350 000 in affordable areas like Randlespark.

This two bedroom, one bathroom townhouse in Meiringspark has a single garage and built-in cupboards. It is on the market for R550 000 - click here to view.

According to Snyders, mid-level homes range from R650 000 and R950 000 and usually have three bedrooms, two bathrooms and two garages. “The more expensive the homes become, the more features they offer.”

When it comes to the most expensive homes in the region, she says R5.5 million will buy a home in a sought-after suburb which offers security, modern finishes, a swimming pool, Jacuzzi, entertainment facilities and more.

Snyders says first-time buyers take a long time to decide what, where and for how much to buy, and they view many properties before making a decision. On the other hand, other buyers are careful about what they buy and usually want a bargain, in order to be able to resell again.

She says the areas her office services have excellent amenities such as good schools, medical facilities and conveniently located shopping centres, as well as easy access to the main roads.

Snyders predicts that in the next 18 months, there will be more first-time buyers and sales will increase because of the low interest rate which, she believes, will not increase again soon.

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