Yzerfontein agents expect another good year for home and plot sales

Property sales were steady throughout 2013 at Yzerfontein, the Cape West Coast village 87 km from Cape Town, says Marijanne van Nieuwenhoven, the Rawson Property Group’s Yzerfontein sales agent.

Van Nieuwenhoven and agent Heleen Plaskitt sold 22 properties over the year and expect to soon add another two to their list.

“Although we did get a great many visitors during December, we did not see a big upswing in sales at that time. This is true to the pattern we have observed previously in this town, with many visitors coming back later to enquire about property.”

Yzerfontein’s warm dry winters (even in July the rainfall here is seldom above 80 mm) make it the perfect escape place for Capetonians. This helps to keep sales steady throughout the year, and Nieuwenhoven says she has for some time now managed an average of one and a half sales a month.

“Some 40 percent of Yzerfontein’s residents are retired people and up to 60 percent of homes are owned by people who use them only for holiday and weekend visits. Many of the home buyers coming to Yzerfontein are looking for small cottages, preferably with uninterrupted sea views. However this type of home is hard to find in the village.

“Most of our homes are fairly substantial, with a large number of double storeys. They have between three and four bedrooms and they tend to sell in a price range of roughly R1.2 million to R4m. The average sale price recently has not been that far off R2m, and the plots I have sold have averaged R400 000 and have usually been around 650 m2 in size. The lowest priced home available is priced at R1.195m, and prices for plots start at R320 000 with beachfront plots at R1.8m.”

Van Nieuwenhoven says that buyers who want to build have a good selection of plots to choose from. Local building teams, with labourers and artisans drawn mainly from Darling with which the town has close connections, are skilled, reliable and not too expensive. Construction prices of new homes are usually from R6 000/m2 to R10 000/m2.

“According to local estate agents, Yzerfontein felt the effect of the recession less than most Cape West Coast towns, which were some of the hardest hit in the whole of the Western Cape. Home prices did, however drop by up to 10 percent, but they have now been stable for at least two years and we expect the long awaited upturn will take place from mid-2014 onwards.”

Call Marijanne van Nieuwenhoven on 072 207 2135 or email marijanne.yz@rawson.co.za.