Wynberg Upper - Sectional Title Market Update | August 2025

August was a lack lustre month insofar as sales in your area are concerned with there being just one sale recorded by Propstats.

While stock remains in very short supply, let's not forget that winter always plays a big role in market performance.

We are moving out of the 'off season' and it is likely that the summer months will see more stock entering the market.

My feeling is that, should this occur (as it has in past years) it will be those properties who list ahead of the pack that will benefit from the backlogged buyer demand.

It is probable that, should more stock become available as we approach the traditional selling season, that the current tension between supply and demand will abate and the market settle.

There is a discernible anxiety to sell amongst many property owners.

Whilst there is an appreciation that the market currently represents a 'perfect storm' for a seller, there is a concern that, having sold (probably at an unprecedented price and in next to no time), finding something to buy may be a real challenge. For this reason, the current market has become self-perpetuating!

I certainly trust that an influx of new summer stock will ease matters.

AUGUST SALE IN YOUR AREA.

Drawing on Propstats, the primary property-sale data base, one sectional title sale was recorded in Wynberg Upper during the month of August.

We brokered this sale at Alphen Hill, opposite Victoria Hospital.

This 78 sqm, two bedroom apartment with garage and parking bay sold in 14 days for R1 495 000. It presented in an average condition and would benefit from a facelift.

A singular challenge at Alphen Hill is the levies that are deemed to be very high by most prospective purchases. A high levy can be a real obstacle and can ultimately influence what a purchaser is prepared to pay for a property with such financial exposure.

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