Table 3

Sample statistics

StatisticAll propertiesResidentialIncome-producing
Sales (Sample Observed)20,85614,5366,320
Sales Date Period1st July 2017 to 31st June 20181st July 2017 to 31st June 20181st July 2017 to 31st June 2018
Sales Date Range12 Months12 Months12 Months
Total sales priceR11 821,905 910,60R9 113,241 077,08R3 653,515 827,18
Total assessment valueR9 709,508 340,00R8 345,164 724,80R3 219,233 615,23
Average assessment valueR340 280,00R343 437,83R525 890,90
Average sales priceR424 522,52R337 518,91R580 431,61
Source(s): Authors’ own work
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