Estate agencies merge in healthy Kommetjie market
Category Property news
The average selling price of properties in Kommetjie over the past twelve months has risen by 12.2 % when compared to the average selling price achieved for the previous 12 months, according to Propstats. “The price growth has been most significant in the lower to middle end of the market due to an increasing number of buyers and a shortage of stock in this price bracket,” says Pepita Mace, Managing Director of Greeff Properties Village Homes in the Kommetjie /Scarborough area.
Since opening its door in August 2012, Village Homes has sold 194 properties, totaling a revenue of R550 000 000 to date. “The average selling price was R2 835 million per property,” says Mace. She adds that selling prices achieved ranged from R350 000 for a vacant plot in Bluewater Estate to R18.45 million for a home in Klein Slangkop Estate – this last being a record selling price for the area, beating the previous record of R15 million.
“Village Homes also achieved the record selling price of R5.5 million for a house in Scarborough – the previous high being R4.85 million,” adds Mace.
Village Homes is now operating under a Greeff Properties Christies international Real Estate umbrella. “The move to merge with Greeff Properties makes sense on a number of levels; firstly, Greeff’s affiliation to Christie’s International Real Estate means we can broaden our marketing reach for clients,” says Mace. She explains that there has been a definite increase in foreign buyers, mainly from Europe, buying holiday homes as investments for future retirement, with the intention of earning income via holiday lets in the interim, since, the holiday letting market in the Southern Peninsula is booming, with bookings on or anywhere near the beach filling up a year in advance. “The combination of Greeff Properties and Village Homes will result in a vibrant office in the centre of Kommetjie as well as a home office in the heart of Scarborough,” says Mace. “We’re expanding our footprint in the area and Village Homes is a perfect fit,” says Greeff. “Five highly experienced award-winning agents, all resident in the areas of Kommetjie, Imhoff's Gift/Bluewater Estate and Scarborough/Misty Cliffs, and having lived locally for a combined 68 years, offer a wealth of local knowledge, and match the profile for Greeff/Christie’s calibre individuals. These are people who are seen less as estate agents and more as preferred property advisors,” adds Greeff. “The area incorporating Kommetjie through to Scarborough supports a diverse community and expert attention is required to navigate this particular real estate market successfully,” explains Greeff. “Residents range from fisherman to professors, from long timers to newcomers and there is a combination of different age groups, including a small percentage of pensioners wanting to retire here and enjoy what the area has to offer,” says Greeff. He explains that the largest group is aged 35 to 45, and these are buyers who enjoy a community-oriented environment and a healthy, outdoor, family life style. “Many buyers hail from up country and seek properties in Kommetjie due to its natural beauty and relaxed rural ambiance plus the opportunity to bring their children up the “Old Fashion Way,” explains Greeff.
Recently properties sold through Village Homes include: A newly renovated three-bedroom, three-bathroom home in Klein Slangkop Private Estate, very near to the beach for R5. 8 million;
A beachfront stand, also in Klein Slangkop Private Estate, which fetched R5. 2 million and
a three-bedroom, three-bathroom mountainside home with sea views in Misty Cliffs, which sold for R4. 5 million.
“The Kommetjie/Scarborough natural environment appeals to buyers in that it is unique – surrounded as it is by rugged, fynbos covered mountains forming part of the Cape Point Nature Reserve and bordering some of the most beautiful, natural beaches in the world, giving you a feeling of remoteness, yet it is less than an hour away from the vibrant Mother City,” says Mace.
Vigorously protected by residents, wild life in this magnificent part of the Southern Peninsula includes baboons, which are often seen, but for the most part are kept out of the residential areas by baboon monitors. Southern Right Whales can be seen annually and Cape Clawless Otters are regularly seen frolicking in the ocean and at the mouth of the Bokramspuit, while Guinea fowl, Francolins and Porcupines are also common inhabitants of the area.
Properties currently for sale by Greeff Properties Village Homes Kommetjie include: A large, newly renovated, three-bedroom, two-bathroom, lock-up-and-go home in a highly sought-after gated Kommetjie complex, asking price: R2.35 million; A magnificent four-bedroom, three-bathroom, lakefront home in Imhoffs Gift, currently on the market for R4. 45 million and a three-bedroom, two-bathroom thatched home with a direct walkway to the beach and private enclosed garden– asking price: R4.8 million.
Contact: info@greeff.co.za
Author: Greeff Properties
