KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Message from the Auctioneers

LEADING THE INDUSTRY

We’re standing on the verge of wrapping up this year, and while the holidays seem close enough to almost touch them, the market is still buzzing with last minute transactions and deals, across the property spectrum.

At a time when the market seems flooded with properties and traditional real estate channels are battling to convert the boards from “for sale” to “sold” we are still seeing positive attendance and active bidding at all our auctions. In fact, we are still attracting qualified cash buyers who pay market related prices, and we continue to exceed the expectations of sellers both in the private and public sector.

In a court settlement, an industrial property in Blackheath, sold for over R9m, while a development site in Ashton saw the hammer fall on R3,5m and a commercial property in Voortrekker Road Goodwood fetched R 3,2m.

Apart from selling prime properties on auction, we continue to facilitate sales of properties before they even reach the auction floor. Our consultants have ongoing relationships with serious property investors and are often able to connect investors directly with sellers, giving them the ideal property they are looking to purchase.

We also have a range of on-site auctions coming up in the next few weeks, where buyers get to take in the true extent of the properties, their ambience, their character, their charm and ultimately their investment appeal. Being on-site significantly influences the bidding process.

A prime re-development opportunity in Camps Bay, within walking distance to the beach goes under the hammer next week, followed by a spacious two-bedroomed apartment in Pinelands, a family home with separate flatlet in Fish Hoek, two magnificent three bedroom homes with pristine finishes in Burgundy Estate and a large Kuils River property comprising two separate homes with significant income potential, all up for grabs over the next two weeks.

More and more people are choosing the auction model over traditional real estate and the reasons are clear. The benefits are numerous, from fast sales, qualified cash buyers and fully transparent processes. So if you’re thinking of selling your property, make sure you speak to one of our highly skilled consultants and let us show you how the auction floor can work for your property.

Our website is continuously updated with the latest properties on offer, so be sure to visit www.claremart.co.za to stay in the know and join us on the auction floor.

Andrew Koch
Auctioneer