Find your home in Fish Hoek

Area history

Initially used on an informal basis by European settlers for whaling and fishing, the area of Fish Hoek appears on the earliest maps of Cape Town. Much of where the town is situated today was originally farmland owned by Hester Sophia de Kock and her husband. After their death, parts of the farm were sold off as building plots with the first sale taking place in 1918. This would be the beginning of the town of Fish Hoek.

6 Bedroom House for sale in Fish Hoek

Situated at the eastern end of the Fish Hoek Valley on the False Bay side of the Cape Peninsula, the town initially consisted of mostly holiday cottages in its early stages. As more development occurred and train tracks were built, a more permanent community soon established and by 1940, the town had grown large enough to be declared a municipality and was administered by a town council until 1996. It formed part of the transitional South Peninsula Municipality from 1996 to 2000; however it now falls under the City of Cape Town.

Today the coastal town has become popular among holiday makers and retired people alike.

Area property information

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that between 2004 and 2007 property prices in Fish Hoek saw massive growth, jumping up in large increments from one year to the next. However, from 2007 up until 2011 prices stabilised and remained fairly flat with the average freestanding home price around R1.298 million and a sectional title unit costing around R682 000. With increased momentum seen in the property market throughout the country from 2011, property prices in Fish Hoek have again started to see growth and in 2013 the average price of a freestanding home was up to R1.530 million, while the average sectional title unit cost R748 000. Property in Fish Hoek consists of 70.74% freestanding homes, 26.85% sectional title units and just 2.41% estates.

4 Bedroom House for sale in Fish Hoek

Goslett says that the number of property sales transactions in the area saw a decline from 2004, reaching its lowest point in 2009. He notes that since 2010 the number of sales in the area has begun to see improvement and currently around 208 properties are sold in Fish Hoek each year. According to Lightstone data, the largest demographic of recent buyers in the area were those between the ages of 36 and 49 years old (34.92%), followed by those aged between 50 and 64 years old (33.73%). Currently the largest group of existing homeowners in Fish Hoek are those over the age of 65 years old (37.6%). This group also accounts for the highest number of recent sellers (45.42%).

Property price trends

Demand for property

According to Goslett, around 41.1% of properties sold in Fish Hoek last year were those priced between R800 000 and R1.5 million, while 28% were priced between R1.5 million and R3 million. He notes that 20.3% of properties sold during this period were priced between R400 000 and R800 000, around 8.2% were priced below R400 000 and 2.4% were priced over the R3 million mark.

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