Page 9 - Intra Muros August Issue 2025
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Market Performance Report for
Silver Lakes Golf Estate
Focus: Gap Between Asking Price and Achieved Selling Price
Period: 2024 – Q1 2025
1. Executive Summary 4. Contributing Factors
The real estate market in Silver Lakes Golf Estate • Buyer Sensitivity: In a higher interest rate
remains active and competitive, yet recent data environment, affordability drives negotiation
reveals a notable trend: properties are selling below power.
their initial asking prices. In 2024, homes sold at an • Overpricing Trend: Some listings in 2024
average of 9% below asking price, while Q1 2025 saw launched at aspirational prices, leading to
this gap narrow to 6%. This signals both ongoing price eventual corrections.
sensitivity among buyers and a slight strengthening • Lifestyle Appeal: Despite discounts, demand for
of the market in early 2025. estates like Silver Lakes persists due to security,
amenities, and location.
2. Key Statistics
• 2024 Performance: 5. Implications for Sellers & Buyers
- Average asking price: R5.0 million (estimate • For Sellers:
based on property mix) - Price realistically from the outset to minimize
- Average achieved price: R4.55 million time on market and achieve closer to your
- Difference: -9% below asking asking price.
• Q1 2025 Performance: - Highlight value-add features such as solar
- Average asking price: R5.1 million systems, water backup, and modern finishes
- Average achieved price: R4.79 million to justify pricing.
- Difference: -6% below asking • For Buyers:
- Market conditions remain favourable for
3. Trend Analysis negotiation, though the gap is narrowing—
• 2024 Market Dynamics: opportunities exist, especially for cash buyers
Elevated interest rates and economic uncertainty, or those targeting larger homes.
contributed to buyer caution. Negotiations
favoured purchasers, sellers often reduced prices 6. Outlook for H2 2025
to close deals. The second half of 2025 points to an unstable
• Q1 2025 Shift: market ahead mainly based on external/
The reduced discount from 9% to 6% suggests a international factors and a very unstable
more realistic asking price from the outset, aided economy. I expect the gap to hold between 6-10%
by stable interest rates and continued demand by year-end, with median prices projected at
for secure lifestyle estates. Premium homes in the R4.9–R5.0 million.
R3–5 million range remain the most resilient, often
achieving closer to asking price due to strong For more information and a detailed analysis please
demand and limited inventory. contact Martin 083 452 5599.
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7 | INTRAMUROS AUGUST 2025
