Median House price for Silver Lakes Golf Estate
Category Buying
Silver Lakes Golf and Wildlife Estate, located in the affluent suburbs of Pretoria East, epitomises idyllic and peaceful estate living. The estate has been developed around a world-class, Peter Matkovich signature-designed golf course and a game reserve that offers spectacular views of the lakes and tranquil surroundings.
As the first estate of its kind in Pretoria, Silver Lakes Golf and Wildlife Estate has stood the test of time for more than a quarter of a century and continues to be appealing as a truly iconic residential area.
Ikonic Real Estate takes a closer look at the median house price for Silver Lakes Golf Estate to get a better understanding of the trends.
Median vs average price
When taking a look at the numbers, most people will try to work out an average to determine the affordability factor. However, working on the median price offers you a better variety of properties that may or may not be in your price margin. The median is the middle number in a sorted list of numbers and can be more descriptive of that data set than the average.
Prop24 data reveals these market trends to see the seasonal and long-term changes in property prices and sales for Silver Lakes Golf Estate. Out of the 43 properties Ikonic Real Estate has listed, the lowest costing property is vacant land at R1,590,000. Our highest listed property is an exclusively marketed 7-bedroom home for R15,490,000.
Keep in mind the market below R5m has been extremely busy and we have limited stock in that range available on our website compared to above R5m. The true median price based on sales for 2021 was R3,700 000m and currently sitting on R3,500 000 for 2022.
House prices have been relatively stable in South Africa, with homeownership levels at around 60% of the population. We will continue to keep track of the price index and make note of the subtle changes which may occur during the year.
Contact Ikonic Real Estate today
For Real Estate professionals you can trust and rely on for industry-related expertise, contact us below for more information.
If you are looking to live in Silver Lakes Golf and lifestyle Estate, Silver Stream Estate, Lombardy Estate & Health Spa, The Ridge Estate, Six Fountains Estate, or Willow Acres Estate and surrounding areas then Ikonic Real Estate is your preferred property practitioner to assist you in all aspects of the selling and buying process.
Office Number: 083 452 5599
Cell Number: 083 452 5599
Email: martin@ikonic.co.za
Ikonic Real Estate holds a Fidelity Fund Certificate issued by the Property Practitioners Regulatory Authority.
Author: Lisa
