RE/MAX Suburb Trend Report – Schoemansville, Hartbeespoort

Area history

In the North West Province, situated on the banks of the Hartbeespoort Dam is the village of Schoemansville, the oldest suburb of Hartbeesport. The region is named after a Boer General in the Anglo-Boer War, General Hendrik Schoeman, who was the original owner of the farm that the Hartbeespoort Dam was built on.

Hartbeespoort has seen remarkable growth over the years and what were originally intended as agricultural lands have now become a mecca for the affluent and a collection of suburbs. The name of this small resort town meaning ‘pass of the hartbees’, originated due to a species of antelope that would pass through the area and over the Magaliesberg Mountains.

Today, ‘Harties’, as it informally known, has become synonymous with peace and tranquillity and due to its proximity to both Johannesburg and Pretoria, it has become a popular destination with many city dwellers seeking a weekend out of town. The town consists predominately of holiday homes and leisure-oriented venues around the dam, with water sports a main activity of most visitors. The area also boasts a variety of golf clubs and estates such as Pecanwood Estate, along with marina and yacht clubs.

Hartbeespoort forms part of the Madibeng Local Muncipality, which also includes the nearby town of Brits.

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that the property market in Schoemanville has reflected slightly differently than most other regions across the country in that consumers between the ages of 36 and 49 years old have been less active than other age groups. He notes that the highest percentage of recent buyers has been those aged between 50 and 64 years old who account for approximately 32% of the buyers, followed by those ranging in age from 18 to 35 years old, who account for around 31% of the buyers. The largest percentage of sellers has been those that are aged 65 years old and older, followed closely by those between 50 and 64 years old. These age groups represent 37.74% and 35.85% of the recent sellers respectively. Around 24% of the recent sellers are in the 36 to 49 years old age group.

According to Lightstone, a property information and statistics provider, over 86% of the property in Schoemanville consists of freestanding homes, 9.13% are estates and only 4.75% are sectional title units. Goslett says an interesting fact is that the average price of a sectional title unit during 2007 was greater than the average price of a freestanding home. However, only two sectional title units were sold during 2007, compared to the 60 freestanding homes sold. No sectional title units were sold in 2006 or 2008. In 2012, the average price of a freestanding home was R1.104 million, while the average price of a sectional title unit was R430 000. The majority of the estates sold in the area that were bought during 2012, were sold for between R800 000 and R1.5 million.

Property price trends

Demand for property

Nearly half of the properties sold in Schoemanville during 2012 were priced between R800 000 to R1.5 million, making this the most sought after price category in the area. Demand for higher priced houses can also be seen as 37% of the property sold in the same period were priced between R1.5 million to R3 million. Goslett says that due to the picturesque setting and lifestyle offering, demand for property in the Hartbeespoort suburbs remains high among executives and those that have access to finance for holiday home purchases.  The area is surrounded by water and mountains, a combination that never ceases to have an impact on those seeking time away from the city humdrum.

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