Sunnydale – property prices performed well in 2013

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A Happy New Year to all Sunnydale residents and those near and far who love to keep abreast of happenings in the Noordhoek Valley.

This is a time we set our resolutions for 2014 & assess our opportunities and plans for the future. Some may be considering downscaling, others contemplating investing in their first or second property purchase and some may just wonder whether their investment has been performing well. So I’m sharing some statistics about Sunnydale property sales over 2013 and if it helps with your decisions then that’s absolutely great.

There were 32 sales with a total value of R37 369 000. Although the number of sales were down by roughly 50% from 2012, the average median selling price had increased from R1 000 000 in 2012 to R1 174 000. The highest sale was that of no.2 Milkwood Ridge Security Complex, which sold for R1 750 000. This 438m2 property is in an excellent condition, has a beautiful manicured garden and views of Noordhoek beach from the balcony. The lowest sale was a 180m2 lockup & go property at 99 Noordsig Two Security Complex which sold for R400 000. (Source – CMA info)

The largest property sold was in need of a revamp, a 4090m2 smallholding at 60 Guineafowl Road which fetched a price of R1 325 000. The time a property remains on the market is still governed by the age old rule of willing buyer & willing seller and of course a tried & tested marketing plan.

Enjoy this beautiful Cape Town Summer’s day further and I look forward to speaking to you through the course of the year as we strive to stick to our goals for 2014 and unlock those doors to new opportunities.

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