03 Jan 2013
Camps Bay is a popular, yet expensive suburb situated on Cape Town’s Atlantic Seaboard. Its property price tags are largely attributed to its prime location, which is beyond the four beaches of Clifton at the foot of the Twelve Apostles and its proximity to the centre of town.
Property prices range from R4.5 million to R13.5 million. He says the average price of properties has been R6.5 million and the erven sizes range from 700 square metres to 1 500 square metres and the market stock consists of 69.99 percent freestanding homes and 30.05 percent sectional title units.
Many of the existing home owners (40.16 percent) are between 50 and 64 years old, with approximately 32 percent older than 65 years.
According to Lightstone, 45.45 percent of recent buyers are between 36 and 49 years old, while 31.82 percent fall within the 50 to 64 year old age group. A large number of recent sellers (42.55 percent) are older than 65 years and 35 percent are between 50 and 64 years old.
Goslett says Camps Bay is the epitome of the real estate mantra: location, location, location. He notes that the limited number of properties available, panoramic views and lifestyle offering has ensured a continual strong demand for property and a healthy return on investment over the long term.
Between December 2011 and November 2012, 70 freestanding homes and 32 sectional title units were sold in Camps Bay with 83.3 percent of those properties priced above R3 million.
House for sale in Burgundy Estate, Cape Town, Western Cape R 1 350 000
Apartment / Flat for sale in Stellenbosch Central, Stellenbosch, Western Cape R 2 195 000
House for sale in Onrus, Hermanus, Western Cape R 1 960 000
Apartment / Flat for sale in New Town Centre, Umhlanga Ridge, KwaZulu Natal R 1 650 000
House for sale in Seemeeupark, Welkom, Free State R 389 000
House for sale in Glen Erasmia, Kempton Park, Gauteng R 3 800 000
House for sale in Tergniet, Mossel Bay, Western Cape R 3 870 000
House for sale in Fourways, Sandton, Gauteng R 2 645 000
Townhouse for sale in Noordhang, Randburg, Gauteng R 649 000
Vacant Land / Plot for sale in Laguna Sands, Langebaan, Western Cape R 350 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Customer Service Centre for further assistance. Tel. +27 (0)861 111 724