The median is the "middle" value for the particular set of results. If for example there are 5 properties sold in an area for 2000 and they sold for the following prices: R100 000 R200 000 R150 000 R250 000 R500 000 The median property sale price in this example would be R200 000. If the results is an even number of records then the middle two values will be averaged to calculate the median. The reason for using this method, espcially usefull when many records are used, is to reomve the outliers and anomalies. If, for example, we are analysing the property sales for the above example but include a large plot of land sold for R15 000 000, then the median would be R200 000. If we used an average instead of the median our result would be R2 700 000. This would not reflect the sales in that particular area sufficiently.
A Properties sale price is the price as regitered at the Deeds office. You may see a value of 0 for the sale price. This may be due to several different reasons. An example would be if the property was inherited or transfered from a trust. This would also explain sale prices that are low in comparison to surrounding properties.
A set of values that a number can have. A range is usually specified by its maximum and minimum value. Any number that is between these two values is said to be within the range. For example, the range 12-15 has a maximum value of 15 and a minimum value of 12. The numbers 12, 13, 14 and 15 are said to be within the range 12-15.
Total Return – This is the percentage change in the average (median) price of property on a yearly basis
Real Return – This is the percentage change in the average (median) price of property on a yearly basis over and above the inflation rate for that year. E.g. If your total return is 20% and inflation for that year is 5%, your real return after taking inflation into account is approximately 15%.

Property trends for Kranshoek

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This graph shows the median sale price and average price range in Kranshoek from 1999 to 2008. To view trends from a particular year click on the points along each line.

Annual/Real return for Kranshoek

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Annual return     Real return     Inflation rate
 
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This graph shows the total return (percentage change) and real return in Kranshoek from 1999 to 2007. To view trends from a particular year click on the points along each line.

Trends for suburbs in Kranshoek

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