Plettenberg Bay Property Sales 2013

Buoyant 2013 for Plettenberg Bay Property Market.

Helen Melon Properties takes a look at last year’s numbers.

2014 has burst from the starting blocks leaving no time to reflect on holidays enjoyed or the past year. We at Helen Melon Properties (HMP) have hit the year running and are truly excited about ongoing property prospects.

We base this excitement on a careful look at last year’s property activity in Plettenberg Bay. It indicates property continues to provide great value for buyers, with the market in good shape – in spite of recessionary fears.

As we’ve said before, information is the key.  All property decisions should be made using as much information you can gather - both on properties and prevailing market conditions. That vital information provides the means to act prudently, efficiently and with great success.

We at HMP have gathered that information and take the myth out of property prices by scrutinising resultant data.

Please note: All figures quoted regarding property transfers are taken from the deeds registry office and reflect all transfers in Plettenberg Bay from January 1, 2013 to December 31, 2013. 

Suburbs included in the survey are Baron’s View, Bowtie, Brackenridge, Central Beach, Cutty Sark, Goose Valley, Hobie Beach, Harkerville, Keurbooms Lagoon, Keurboomstrand, Lower Central, Lower Robberg, Plettenberg Bay, Piesang Valley, Poortjies, Plettenberg Bay Country Club, River Club, Robberg Beach, Robberg Ridge, Schoongezicht, Sea Side Longships, Signal Hill, Upper Central, Upper Robberg and Whale Rock.

Last year 354 transfers were recorded in the greater Plettenberg Bay area (111 sectional titles; 243 freehold). Leading the pack was Whale Rock with 66 transfers; Cutty Sark brought up the rear with four; eight suburbs recorded no transfers.

In addition there were 105 transfers recorded reflecting no value – interfamily transfers/transfers from companies, CCs, trusts etc. into individual names. 

The next important issue is value. Of the 354 transfers – 169 (47.74%) were for properties below R1 million; 95 were in the price band from R1m - R2m (26.83%) meaning almost 75% of all transfers in the area were below the R2m mark.
36 (10.1%) were in the R2m-R3m range with the rest ranging in prices up to R40m.  One property in Sea Side Longships exceeded the R40m barrier.

The two suburbs dominating the top end of the market – R7M+ - were Lower Central and Sea Side Longships.  A total of eighteen properties sold in this price range  - 7 in Lower Central; 8 Seaside Longships; 1 Goose Valley; 1 Industrial site; 1 tract of land to the west of the N2.

The R15m – R40m range was dominated by sales on Beachy Head and Robberg Beach front.

That’s our alluring snap shot of property activity from 2013 and we are excited about what we found. A glance at the stats should be encouragement enough for would-be home buyers and investors in the Plettenberg Bay region.

Want to talk property? Please feel free to contact us – remember all that key information is waiting for you.