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Stilbaai property market a hive of activity

The property market in Stilbaai on the Garden Route is abuzz thanks to strong demand from retirees and buyers of holiday homes.
 
Peace and tranquillity are two strong motivators for holiday buyers as well as retirees, says Kotie Cilliers, owner of the local Harcourts real estate office. "The most important factor contributing to Stilbaai's popularity, however, is excellent security thanks to a stable local community and a low crime rate," she says.


This three-bedroom, three-bathroom home in Stilbaai is for sale through Harcourts for R1,995m. Set on a 721sqm stand, it also has four living areas, a braai room and a double garage.
 
Retirees from Gauteng, other parts of the Cape and the Free State are currently very active in the market and they typically target homes with three bedrooms in the R1m to R2m price range. “They prefer larger homes to accommodate visiting children or other family, while a fair percentage turn a third bedroom into a hobby room,” Cilliers says.
 
However, Stilbaai also offers a host of outdoor activities for seniors as well as holidaymakers. "There are exceptional walking trails offering great views, a superb swimming beach, water sports on the Goukou River, and a variety of other sporting activities including golf, tennis, squash and, of course, excellent fishing."
 
Shopping facilities, as well as medical services such as doctors and dentists, are locally available and a new hospital for sub-acute cases is under construction - an important consideration for retirees, who represent around 30% of current buyers.


The little town of Stilbaai is attracting increasing numbers of retirees and holiday-home buyers from around the country.
 
Meanwhile, holiday-home buyers are targeting properties in a wide price range. Older homes in a good locations are popular choices, especially among well-heeled buyers who can afford extensive renovations and modernisation, Entry-level properties are available from around R900 000, which would buy a comfortable apartment or a small home in need of attention.
 
Older homes near the harbour, where residents and visitors can buy fresh fish when the fishing boats come in, are selling for around R1,3m, while newer homes further away from the beach but with pretty views command slightly higher prices.
 
Homes around the golf course also offer good views and prices are in the R4m to R5m range. Top homes in the popular Kloof area are currently in demand in the same price range. 
 
Cilliers says homes in this bracket typically offer around 600sqm under roof and up to five bedrooms that can comfortably accommodate extended families or groups of friends on holiday. And they represent excellent value, she says, since building costs for equivalent new homes would be substantially higher.
 
Most of Harcourts Stilbaai's sales this year were in the R1,2m to R1,5m range and the highest price achieved was R5,9m, she notes.


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