Greyton Property Situation Post Covid-19
We’re almost at the end of the first quarter of 2021 and, after a disastrous 2020, we are now in a position to take stock of where the property market in Greyton is currently and what we expect, going further into 2021. The good news is that we are much better off than expected. Despite predictions of a property market collapse post the lockdown saga, we have entered a market that is starting to look stronger than in the previous 2 years, with prospects of even more growth as the year continues. In short: PROPERTY PRICES have held steady, even slightly improved. Median price for 2021 higher than 2020 The number of transactions is slightly up in relation to last year, beginning to reverse a six year downward trend in property sales. We are seeing a steady increase in demand from people now working from home and “semigrating” to areas away from the big cities. There is also a marked increase again in semigration to the Western Cape from the northern parts of the country. Greyton is becoming a popular choice for semigration, with continued growth expected. 6 Transactions YTD, 27 last year What does this mean for Sellers? The biggest problem for Sellers, is the large number of properties for sale in Greyton, which Property24 lists as over 150 (see graph below). This means that every individual property has a less than 2% chance of selling in any given month. What if I still want to sell my house? With so many houses on the market and so few sales, it’s important to ensure that your house stands out above all the others. This can be achieved by choosing the right Estate Agent who has the experience and the tools to give you that extra needed support – very few do. Christoff Coetzer and Meridian Realty have demonstrated the effect that professional marketing has had in the number of enquiries received and therefore possible sales. See the graph below (supplied by Property24), showing the strong growth in the number of enquiries Christoff received since he started in December, in relation to the rapid decline in enquiries the rest of the agents in Greyton have had during the same period: See what Christoff and Meridian offer you A beautiful online brochure like THIS (click to see), with professional photos, a cinematic video and a Matterport 3D Virtual walk-through, enables the agent to do a virtual viewing with clients anywhere in the world. Worldwide digital marketing by a professional team of Digital Marketers. Premium listings on property portals like Property24 and Private Property. These listings stand out amongst all the others and they are ranked higher, meaning they are featured on Page 1. Lower commission rates, starting at 2,5% and structured according to your needs. CONTACT CHRISTOFF AT christoff@meridianrealty.co.za or Call/WhatsApp/Telegram 082 361 5490