The number of residential property sales transactions in St Francis Bay surged to its highest level in a decade during 2021 – with no signs of the market demand for homes abating, says Richard Arderne, area principal for Pam Golding Properties.
According to Lightstone statistics, activity in the St Francis Bay housing market escalated last year , with the highest number of freehold and sectional title units, sold in a decade. Rising from just 37 sales in 2012 and 117 in 2020 to 229 sales in 2021, vacant plot sales have also soared to the highest number during the past decade.
Arderne said approximately 45% of the 57 full title homes and 46 sectional title apartments in Homestead Views have already sold. The installation of services has already commenced, while the boundary wall and gatehouse were completed prior to the recent festive season. “Sales in The Links Golf Estate in St Francis Bay have also gone well, with vacant plots priced from about R400 000 and from around 600sqm in size, and houses priced between mainly between R3 million and R6 million, but with many buyers investing significantly more in constructing their dream homes – some an additional R10 million and more.
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