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Auction fever without auction
The Citizen
|December 12, 2025
CAPE TOWN: SIX CASH OFFERS DRIVE LAKESIDE HOME TO R3.825M AS BUYERS SCRAMBLE FOR STOCK
A perfect storm of soaring buyer demand and critically low property stock is creating a red-hot sellers' market in Cape Town's Southern Suburbs, with the middle market experiencing an unprecedented feeding frenzy.
Desperate buyers are clamouring for the few available properties, leading to multiple-offer situations and prices being driven above asking figures.
According to Area Specialists from Lew Geffen Sotheby's International Realty, the current climate presents a golden opportunity for sellers in this bracket to capitalise on the intense competition.
"Nikki Lombard and I continue to struggle to secure stock in the Southern Suburbs," said Dawn Bloch, area specialist for Lakeside, Kirstenhof, Bergvliet and Zwaanswyk.
"Each time we launch a property, we are inundated by enquiries. The stock situation remains dire."
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