I have noticed that this house in Durbanville has had 4 price drops since August. Total drop R200,000.00 or 16%.
Price :R 1195,000
Date : 2007-08-29
Price : R 1150,000
Date : 2007-09-28
Price : R 1128,000
Date : 2007-10-31
Price : R 995,000
Date : 2007-11-05
05 November 2007
Spotlight On Durbanville
Reader TM sent us some more info on a house in Durbanville he has his eye on.
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1 comment:
I wouldn't get overly pessimistic about this. The home was totally over-priced - owner obviously looking for a sucker to buy it. Current price is more in line with the area. If it drops below R900k I would start worrying about a bubble.
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