Plettenberg Bay Property December 2017
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Plettenberg Bay broke the R1 billion mark for the first time in history in 2016, and though the market fared relatively well in 2017, it looks like 2017 will fall a little short of this level if current trends remain.
The total average prices decreased in 2016 from R2,1million in 2015 to R1,99million. This was partly due to a substantial increase in the sales of vacant land which are naturally cheaper on average than improved properties. 2017 saw this average increase again to R2,2million so far, though to put this in perspective there has been very little increase in averages over the past 10 years.
As the prices have increased again this year, the number of sales have declined somewhat, after the dramatic increase from 417 units in 2015 to 528 in 2016. 2017 looks like it will have a similar number of sales as 2015.
Hein Pretorius, Broker Principal of Sotheby’s International Realty Plettenberg Bay says: “2015 and 2016 were record years for us. 2017 has been a bit harder than before as stock levels are declining, but it is our second best year to date. Though we still have stock of vacant land it is of interest to note that demand has increased in spite of high building costs. I think this is partly due to declining prices in this sector reaching affordability levels. Demand is also higher in gated estates due to the increased security and facilities. The recent tragic fires have had a considerable impact on individuals, but have not appeared to have had as dramatic effect on the property market as a whole in Plettenberg Bay as we initially thought it would, though the effects will still be felt in the coming years.”
For more information contact us at 044 533 2529.
To continue reading this story: Property Market Review
For more info, please contact Hein Pretorius 083 701 3159.
Plett Quarter
"Plett Quarter is a new sea-view penthouse apartment development at the Dolphin Circle on Main Street (the property where The Table Restaurant and Market on Main are located). It is a stunning building which will have excellent finishes and is located in one of the most prominent location in Plett. There will be commercial space available on ground levels on Main Street and one unit on Strand Street. The luxury 2 & 3 bedroom apartments are priced from R2,2 million to R8,5 million including VAT (no transfer duty).”
Principal's Selection
3 Bedrooms, 2 Bathrooms, Covered balcony, Access Controlled, River Club
Offers on R 1 850 000
3 Bedrooms, 3 Bathrooms, Sea & Mountain Views, Brackenridge
Offers on R 8 500 000
3 zoning certificates, viz: Agricultural, Business and Resort, Keurboomstrand
Offers on R 12 000 000
2 Bedroom Main house, Flatlet, 2 Storage Sheds, Workshop, The Crags
Offers on R 7 250 000
3 Bedrooms, 2 Bathrooms, Garden Cottage, Double Garage, Whale Rock
Offers on R 2 999 000
3 Bedrooms, 2 Bathrooms, Single Garage, Signal Hill
Offers on R 2 000 000
Guest House, 5 En Suite Bedrooms, Swimming Pool, Wooden Deck, Seaside Longships
Offers on R 6 500 000
3 Bedrooms, 2 Bathrooms, Open Plan, Swimming Pool, Patio, Storage Space, Sanctuary
Offers on R 4 650 000
3 Bedrooms, 2 Bathrooms, Double Garage, Eco Home, Security Estate, Schoongezicht
Offers on R 2 875 000
Summer Brochure 2017
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Eyethu Educare Centre
Sotheby’s International Realty Plettenberg Bay is the Drop Off Point for The Soup Kitchen and Ayethu Educare Centre
In need of dry/canned food, new/used clothing, toys, stationary, essential goods, etc. to assist with feeding over 300 people in need daily and educating children who have lost their parents.
Please drop off any donations or goods at our offices at:
25 Main Street, Summer Hill Building, Plettenberg Bay
Property Consultants
- Carrie Maclean 0825661881 carrie.sir@plettenbergbay.com
- Desre Reck 0794970008 info@thulanahill.co.za
- Elbie Pama 0825692588 elbie1@mweb.co.za
- Janelle Pinto 0789596177 janelle.sir@plettenbergbay.com
- Paul Jordaan 0828760577 paul.sir@plettenbergbay.com
- Sue Harvey 0833067499 sue.sir@plettenbergbay.com
- Werner Harris 0843518992 werner.sir@plettenbergbay.com
- Steve Neufeld 0724177731 steve.sir@plettenbergbay.com (manager principal, professional valuer, appraiser)
- Hein Pretorius 083 701 3159 hein.sir@plettenbergbay.com (owner broker, principal)
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