The Aida Helderberg office has opened a satellite in Gordon's Bay to improve its property services to local consumers.
The office is managed by Gerrit van Zyl, who says the franchise's activities in the flourishing Gordon's Bay property market increased to such an extent that it justified a separate office.
"We have served the local market from our office in Strand for the past five years, but have now appointed four dedicated agents for Gordon's Bay in addition to the 10 agents in Strand. We believe this will enable us to improve our offering to buyers and sellers in Gordon's Bay," he says.
Van Zyl reports that new development in the entry-level sector over the past two years has stimulated the property market. "Several hundred new units in three-storey sectional title developments have been brought to the market and represent excellent value at prices between R400 000 and R800 000. And this trend has not only enabled first-time buyers to enter the market, but also brought more investors to Gordon's Bay."
Homes in the town, about 12km from Strand, are still available from about R800 000. Van Zyl says, however, that prices are growing at around 15% per year. "Gordon's Bay prices are still playing catch-up with prices in surrounding towns. For instance, property in neighbouring Strand is roughly 50% higher than local prices.
"High prices in popular Stellenbosch had a ripple effect on prices in Somerset West, where our main office is located. This stimulated price growth in Strand, and now it is the turn of Gordon's Bay. In short, Gordon's Bay now offers golden opportunities to invest in the property market."
Penthouses in the upmarket Harbour Island security complex represent the top end of the local market. Such units reach prices of up to R12m, while luxury homes within metres of the beachfront sell at about R8m, he notes.