A new Chas Everitt International office has opened in Hartenbos to serve the area’s growing market.
Chantelle Grard, principal of the Chas Everitt International Mossel Bay franchise, who opened the Hartenbos office with her business partner Charmaine Deacon, said that the area has seen a large increase in the number of permanent residents over the last two years, which prompted the renewed interest in the local property market.
According to Grard the area is “getting younger” with 42% of recent buyers being in the 35 to 50 age group; reflected in the fact that many of the new permanent residents are families from Gauteng, Limpopo and Northern Cape, attracted to the area by the lifestyle on offer.
The fact that the majority of these buyers are professionals who will invest and spend in the area bodes well for the property market and economy in general.
“Deeds Office statistics show that the average price of sectional title homes in Hartenbos has risen from R950,000 a year ago to around R1,2m currently,” Grard said. “While the average price of freehold homes increased from R1,35m to just under R1,6m.”
Grard said the fact that there have been more than 140 home sales in the area in the past 12 months is further testament to the current market sentiment. “The strength of demand is further indicated by the fact that the average number of days that a home is on the market before being sold has dropped from 97 to 82,” she added.
Top photo: Chas Everitt International Hartenbos office.