Bromhof properties on the market in 2024
Bromhof according to P24 has 172 properties on the market as of the end of Jan 2024. You will see that there is around a 12% drop between the asking price and the sales price. This means that pricing a property for sale is critical and leaves us all pushing the trend a little upward as much as we can. Ultimately it’s our buyers who determine the price of a property when it sells in Bromhof. Registrations from sales in late 2023 will start to pull through to lift the numbers we are seeing in early 2024. This trend will lift as the sales from November and December 2023 start to pull through.
Headline property trends for Bromhof
To date and as of the end of January 2024 there have been 144 property sales and registrations in 2023. Mostly made up of freestanding homes, the Bromhof sales price achieved an average for a freestanding home of just around R1.8m. Sectional Title units in Bromhof achieved an average sales price of R1,030,000.
A quick view of what is on the market?
According to the most prominent property portal in SA, P24, there are currently 172 properties on the market in Bromhof as of the end of Jan 2024 across many different price bands. The most difficult price band at the moment is the first-time homebuyer category up to R1,5m. The high-interest rates have hurt the growth of our young first-time property buyers. But, as the rates settle and start to come down, this will stimulate the buyer’s market.
It will take on average 3 months to sell a property in Bromhof
According to FNB, it takes around 3 months or 91 days to sell a property in the current market. Add to that 3 months to transfer property, if we list today you could be onto the next journey of your life by the middle of the year. If it’s time to sell, now really is the time to list your property. You want to be ready when the interest rates start dropping to appeal to buyers looking to move into the beautiful suburb of Bromhof with its great amenities. Schools, retail hubs, access to major business hubs and more. Call Sandy from Sell with Sandy on (083) 550 1220.
Is it time to sell your property in Bromhof?
If it is time to sell, let us know. KW Select in Randburg belongs to the largest real estate franchise in the world. We have some pretty amazing technology that helps us as agents leverage buyers from other properties to your new listing. We pride ourselves on being a tech-driven company with a brilliant human touch. I would love to pop in to help you assess what your biggest asset is worth in 2024. When you are ready let me know. You get brilliant service, a great track record and phenomenal exposure when you Sell with Sandy. Call me on 083 550 1220 to schedule a valuation of your biggest asset. Get the best price when you sell.