Wondering what Linden property prices look like for Jan 2024
Well, the Linden property prices are looking good actually. For a sectional title unit across 98 property sales, the average sales price is highlighted at R1,397,500. And, for a freestanding house in Linden, across 110 property sales, the average sales price is highlighted at R2,712,500.
Let’s have a look at the Linden property market since 2015
From a report published for Linden, by Property24, the blue line above represents the sold line across all property types, be that sectional title or freestanding homes. The red line is the asking price and you will notice the red line or the asking price is actually lower than the sold price. This means the pricing in the area is good and because the demand for properties in Linden is so high that sellers are getting their prices in line with market-related HPI trends.
FNB’s headlines for the property market
FNB publishes a report every month for the previous quarter that I watch very carefully. The main headlines from October 2023 which are valid in the current market are as follows:
- It takes 3 months to sell a property. The interest rates are high and the banks are not granting loans like they used to.
- Sellers often want more for their properties than either a buyer is willing to pay or the banks are willing to finance. There must be value and prices need to be in line with House Price Index or HPI growth levels.
- The buyer’s market is tough. Fewer buyers are shopping so there are fewer viewings. When you do get a viewing, as a property practitioner you hang onto your buyer and you do your level best to help them find their dream home.
- Pre-Approvals are essential. More often than not in the current market your agent will flat out ask if you have been pre-approved. No pre-approval, no viewing. It’s that simple. And its good for sellers to know that your estate agent in Linden will go the extra mile to help eliminate false starts on an offer.
Is it time to move? Thinking of selling your Linden property?
If it is time to sell then let me assist. I know the area and my pricing for the current market is accurate. My business as a property professional is proudly powered by KW Select Randburg, which is part of the largest real estate brand in the world. Our technology puts us in first place when we nurture buyers and I have quite a few buyers that are looking for their dream homes. And what’s not to love about the Linden charm? Call Sandy from Sell with Sandy on (083) 550 1220. Visit my website for a great deal more info about the Randburg property market.