Once Cape Town’s well-kept secret, Noordhoek has transformed from a tranquil seaside village into a coveted real estate hotspot, with average house prices skyrocketing by 68% in just three years, Cape {town} Etc reports.
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Two area specialists examine Noordhoek’s booming market and its unique appeal, including a strong eco-consciousness that has made it one of the most environmentally friendly communities in South Africa.
Noordhoek’s residential market is booming, with soaring property values, smaller gaps between asking and selling prices, and faster sales.
Propstats data shows the average house price rose from R5.3 million in 2021 to R8.65 million by August 2024, with homes selling 4.2% below asking price and listing times dropping from 157 to 66 days.
In 2021, just four homes sold for over R10 million, with none above R20 million. In the first eight months of this year, 12 homes exceeded R10 million, and two topped R20 million.
‘Noordhoek is hotter than ever at the moment,” said Lilian Bron and Helen Smith, partner area specialists for Lew Geffen Sotheby’s International Realty.
‘Several of our recent sales have been at the full asking price and at least four properties have sold within 14 days of being listed, with one R13.5m home selling at full price within 48 hours.’
The duo credits Noordhoek’s market surge to factors like semigration and increased foreign investor interest, with recent sales largely driven by German, British, and upcountry buyers.
‘Two sales were to German couples relocating to South Africa, another three homes were sold to British couples, one as a home, one as a holiday property and one as repeat business as they had already moved from the UK. Other sales were to South African residents of European origin relocating from other areas.’
Noordhoek’s main appeal has long been its unique blend of seaside village charm and equestrian country living, along with its proximity to Cape Town, top schools, and amenities.
More recently, its strong focus on conservation has made it one of South Africa’s most eco-friendly communities, adding to its growing allure.
Bron and Smith highlight that Noordhoek hosts pioneering eco-estates and strict policies limiting plot subdivision, with a minimum erf size of 1000m², except in gated communities, to prevent over-development.
‘Noordhoek has increasingly become a sought-after enclave for wealthy investors seeking the best of both worlds, the ultimate country lifestyle along with all the conveniences of a city and this growing demand can be seen in the new developments in the area.’
One exclusive development is De Goede Hoop Estate, featuring five-acre properties with mature trees, indigenous fynbos, and stunning sea and mountain views.
It offers 24/7 security and includes permissions for stables and outbuildings. Residents enjoy an extensive bridle path and easy access to Noordhoek Beach.
An exceptional 720m² family home in De Goede Hoop Estate is currently on the market.
Set on a 20,643m² erf, this architectural gem features expansive living areas, cathedral-like ceilings, and abundant natural light from multiple windows and skylights, creating an ‘Oasis of Light’ atmosphere.
The home is surrounded by a biodiverse garden with over 80 indigenous palms, fruit trees, proteas, fynbos, a dam, and a pond.
Positioned with panoramic views of Noordhoek Valley and the Atlantic Ocean, it’s near Noordhoek Farm Village, offering fresh produce markets, arts and crafts, live music, and dining options, with Avondrust Common within walking distance.
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