8 MEI A DAY OF CHARITY: The local Keller Williams team is heading out to the Somerset West Garden Community Centre and Village Kids in Garden Village Centre today (8 May) to offer up a day of community work. This initia tive forms part of the sixth annual Keller Williams Realty RED (Renew, Energize and Donate) Day. The Keller Wil liams team will be supplying lunch at the event and will also be offering the kids and pensioners entertainment throughout the day and planting some trees. Wayne Heidmann, Regional Manager KW Cape Town, says this is Keller Williams at its best. “RED Day is a oneday ex pression of what happens 24/7 in the Keller Williams culture. It is about seeing a need, discovering who can meet that need and then get ting it done! Please feel free to put on something RED and join our team.”
SOMERSET WEST:MARKET SWINGS IN FAVOUR OF SELLERS
Eager buyers create stock shortage DALEEN FOUCHÉ The high demand in local property has swung the local property market from a buyer’s market to a seller’s market. Juan de Jager, principal of Dynamic Realtors, says the market in Somerset West has changed from a buyers market to a sellers market, because of the shortage in stock. He says properties priced R1,8 million and lower are in high demand and sellers have realised
this and are putting up the property prices accordingly. De Jager, however, says the buyers market has not yet caught up with this change and many still believe they can wait a week before placing a offer on a property. De Jager says this is no longer possible adding that buyers will have to adjust to the changes. Property prices have also increased because of the high demand for local property. He, however, explains that the Somerset West market is very unique and does not always align with the
trends in the rest of the country. De Jager says the Somerset West property market is currently very lively. J.D. Lombard, estate agent for RE/MAX Helderberg, agrees with de Jager and says stock across the Helderberg is in very high demand. He says since the beginning of the year, there has been quite a bit of movement in the property market with RE/MAX Helderberg selling over R50 million worth of property in April. “The problem is that there is a shortage of stock.” According to Lombard, estate
agents in the RE/MAX Helderberg office all have a list of potential buyers, who are waiting for their dream property to enter the market. Lombard explains that houses, apartments and flats that are priced right, sell very quickly. Property priced between R900 000 and upwards is very popular and in high demand. Property in areas like Parel Vallei and Land En Zeezicht, go very quickly. Lombard says one property in Victoria Park was recently sold at
a record price for R935 000 by an individual who wished to make an investment. Lombard says people cannot go wrong when investing in property, and especially encourage young adults and families to invest in flats, even if this has to be done in partnership with a friend or family member. Lombard says the reason for property being such a great investment, is because of the shortage in property stock. He says the result of this is that many families choose to rent a property rather than buying a house that does not suit their needs.