Unusually busy winter sales on Cape West Coast

The Cape West Coast has seen an active winter season for residential property sales – most unusually, given the typical seasonality of this market. 

Pam Golding Properties (PGP) reports that the particularly cold weather experienced in July and August (2013) did not keep buyers away, with continued enquiries and offers in most areas, from Yzerfontein all the way north through the West Coast National Park to Langebaan and Saldanha Bay, and further north to Britannia Bay, Shelley Point and Velddrif/Port Owen.

This beachfront home in Yzerfontein has excellent security and views all the way to Table Mountain and Dassen Island. Occupying an erf of 760sqm, the master-built timber-frame home has three bedrooms, a study and double garage, with open plan living areas flowing onto a wide balau deck. It is on the market exclusively through Pam Golding Properties, priced at R5.9 million.

PGP’s area manager for the West Coast, Stephanie Wynne Cole, says most surprisingly, the month of June (2013) showed the best results of the year to date, an almost unheard-of occurrence. “Our agents sold property worth nearly R15 million in this month,” she says, “which is more than double the R6 million sold in June 2012. It has been a very busy few months, and our sales to date (January to August 2013) have totalled 57 properties amounting to more than R68 million in value – a substantial increase on the 35 sales concluded in the same period during 2012.”

Wynne Cole says demand is coming primarily from cash buyers seeking second homes for holiday use, as well as families wishing to relocate to the area on a permanent basis. The buyer profile comprises mainly residents of Cape Town, Stellenbosch and Paarl, as well as local purchasers moving within Langebaan, and a small number from elsewhere in Africa. Demand is concentrated in several price ranges, including vacant plots from R200 000 to R400 000, townhouses and modest homes from R700 000 to R1.5 million, and larger family homes priced from R2 million to R4 million. This year (2013) PGP has also sold two luxury properties priced at over R5 million each.

This five-bedroomed home occupies a prime beachfront position within the secure Shelley Point development, overlooking the entire sweep of Britannia Bay and its famous Golden Mile beach. The home has a sophisticated design and luxury finishes, including an indoor/outdoor pool and a home cinema. The property is on the market exclusively through Pam Golding Properties, priced at R7.5 million.

“Most buyers are still extremely value-conscious,” she continues, “and are being very selective about their purchases; they are prepared to wait for the right home at the right price. But it is encouraging to see the overall upturn in the market, as well as specifically the renewed interest in the purchase of vacant plots – a sector that has been fairly quiet for the past few years. This is indicative of the number of families moving into the area, who wish to build their own brand new homes large enough to accommodate their lifestyle needs. On the other hand, many holiday homes are currently on the market at below replacement cost, so it makes good sense to buy instead of build, if you are looking within this market segment.”

The West Coast is now fully established as a residential area and offers everything from a major shopping mall to several private schools, most of which are busy expanding their capacity in order to meet the growing demand from permanent residents. “It’s also encouraging to see some of the newer residential estates starting to mature,” says Wynne Cole, “particularly the Langebaan Golfing Security Estate, where a number of quality homes are being built by reputable companies. Yzerfontein with its magnificent Blue Flag beach is another area enjoying high demand, especially from holiday and weekend buyers, while the quaint town of Paternoster is also increasingly popular for its range of excellent restaurants and truly unique fishing village ambience.”

This waterfront home in Port Owen is located on the exclusive access-controlled Admiral Island, and has its own private jetty. The four-bedroomed home has ample space for entertainment in all weather, with features including a rim-flow swimming pool, Jacuzzi, sauna, pizza oven, built-in bar and indoor braai. The property is on the market exclusively through Pam Golding Properties, priced at R6.99 million.

New shops and small commercial clusters are opening throughout the West Coast region, and PGP itself has relocated into brand new premises in Velddrif. “The area is certainly enjoying a surge of popularity and a sense of momentum,” Wynne Cole concludes, “which will surely only accelerate once the Industrial Development Zone at Saldanha starts taking shape. Not only does it offer a relaxed beachfront lifestyle and immense natural beauty, but it still has some of the best value for money on offer for coastal property anywhere in the Cape.”

This spacious Mediterranean-style villa is located in a secure estate in Langebaan, and is in immaculate condition. The home offers four bedrooms and open-plan living areas which flow onto a braai patio. Ideal for dual living or an extended family, it is on the market exclusively through Pam Golding Properties, priced at R3.2 million.

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