27 Jun 2012
Simons Town is the Cape Peninsula’s proverbial undiscovered gem and "its day will soon come" is the view of Leon Bosman and co-franchisee, Cathy Baker, of Rawson Properties’ Fish Hoek and surrounding areas franchise.
Approximately a year ago Bosman and Baker opened a branch office in the Boardwalk Centre on the Main Road and Bosman says this office has gone from strength-to-strength and now has over 50 homes on its stock list.
He does not say at what rate these are being sold, but he says this is at least 250% up on what it was in the first three months of the offices opening its doors in Simons Town.
“All that I have said about Simons Town’s ability to appeal is now being confirmed and ratified by a steady upswing in buyers, many of whom regard it as the most attractive of all the Cape Peninsula’s suburbs.”
He says buyers are often prepared to pay R2 million or more.
Bosman says Rawson has just sold a four bedroom home in Runciman Drive to a cash buyer for R5.6 million and they expect to do further upmarket sales before the end of the year.
The factors which have made a huge difference to the buyer profile - and brought about a significant drop in their average age levels – says Bosman, are that far more people now work from home and see Simons Town is an ideal base for this.
Others also find that Simons Town can be a commuting base from which to reach businesses in the Southern Suburbs while some are prepared to do the full commute to the Cape Town CBD, no longer seeing the one hour train journey, both ways, as impossible, he explains.
Bosman says with growing demand they are finding that price stability began to set in from the middle of 2011.
Simons Town prices are on average now rising at a year-on-year rate of ± 7% and they see this trend continuing, he says.
“Regrettably, there are still too many people holding out for 2007 price levels, plus in some cases escalation.”
Bosman and Baker mentioned in particular, that the Boulders/Golf Links precinct has become so popular that even entry level homes here are now priced from R2 million or above - with some going at between R15 million and R20 million.
Other Simons Town-related precincts selling steadily are Glencairn Heights in which prices of R1.25 million to R2.5 million are standard, and in Glencairn itself where many homes are sold at R1 million or slightly above.
Bosman says in the year ahead the Rawson Properties’ Simons Town branch turnover will increase by 50%.
From the enquiries it is quite clear that there is a rising interest in this very attractive town and the confident predictions they made over a year ago are now being fulfilled, he says.
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