Seeff Plettenberg Bay Named Top Agency in the Seeff Group
Category Plettenberg Bay Information
We are delighted to advise that Seeff Plettenberg Bay has achieved the extraordinary honour of being named the Top Performing Licensee (Nationally and Internationally) within the Seeff Property Group at the recently held Seeff National Licensee Awards.
This is a remarkable achievement considering that Seeff Plettenberg Bay had to compete with primary property markets such as Cape Town's Atlantic Seaboard, Sandton and many more.
Our remarkable achievement is further reflected in that Seeff Plett garnered 7 prestigious awards including the coveted Top Market Share Award (Division 3) with an amazing 45% share of all sales in Plettenberg Bay last year. Further awards include Top International Selling Licensee, as well as top achiever awards for our licensee, Alet Ollemans.
Additionally, extraordinary Chairman's Award was given to our top agent, Daniel van Renen, who was also named the Top Agent Nationally at the Seeff Agent Awards held in March.
These awards are a testimony to our extraordinary commitment to providing the best customer service, focusing on a thorough understanding of the Plett property market, the best skilled agents and ensuring we provide the best possible outcomes for our customers.
We are proud of the role that we continue to play in moving the Plettenberg Bay property market forward, promoting the town and serving the community. As part of the Seeff Property Group, the most established in the country with over six decades of experience, we offer a significant network both nationally and internationally to ensure we are able to meet all our clients' needs.
Plettenberg Bay is today one of the most popular holiday and retirement towns, and despite a somewhat challenging first quarter, the market has remained resilient, and Seeff Plettenberg Bay has continued to achieve outstanding results for our clients.
Lightstone data shows that despite a slower market transactions worth over R1 billion have already been recorded for this year across the whole Plettenberg Bay property market. The highest volume of transactions is attributed to estates, accounting for 38% (including sectional titles in estates) compared to 33% for freehold houses and 28% for sectional titles, not located in estates.
The R2m - R4m price range has been the busiest price sector, accounting for some 68.2% of all transactions concluded so far this year. The luxury sector above R4 million was also active despite the challenges, accounting for 7.37% of all transactions with the R4m - R10m price range being the most in demand in this sector, although about a handful of higher value sales have been concluded.
These include 10 sales over R8 million concluded by Seeff including two high value sales at R20 million and R36 million, respectively. Additional sales include Ashland Ridge Farm sold for R8.75m, several sales in the estates such as Whale Rock Ridge (R9.35m), Brackenridge (R14.39m, R9m, R8m), and The Waves (R20m), along with sales in Navesink Drive (R8.5m), Bogey Avenue (R8.2m), Bowtie Drive (R12m), and Beachy Head Drive for R36m.
We continue seeing growing confidence in the Plettenberg Bay property market. This is attributed to a combination of factors, including a sustained influx of high-net-worth individuals, semigration from inland areas, and growing international interest.
A recent New World Wealth Report has placed Plettenberg Bay along with Cape Town and Grand Baie in Mauritius as the three top African coastal hotspots for wealthy buyers for holiday/second and retirement homes.
On a broader market basis, the Western Cape, including Garden Route hotspots such as Plettenberg Bay remain among the most desired coastal property in the country, continuing to attract a mix of local and international buyers and investors. As a popular tourist town, it is also seen as an attractive rental investment destination.
Both FNB and Lightstone have recently reported that after a period of flat house price appreciation, there has been an acceleration of price growth which is always good news for sellers. Lightstone data shows coastal property values are still growing faster at around 5% for the first quarter of this year.
According to mortgage originator, ooba's first quarter review, there has also been a notable increase in investment and holiday home buying which is always good news for sellers. The latest interest rate cut will no doubt further boost demand, especially for those who rely on home loan finance.
For well over two decades Seeff Plettenberg Bay has served the local property market with distinction. What our incredible awards demonstrate is that despite challenges in the market, working with the right agency can make all the difference.
Whether you are looking to rent, buy or sell in Plettenberg Bay, make Seeff your first choice, we have opened more doors to new property aspirations than any other agency over the last year. Our highly skilled and experienced agents are ready for your call, whether you would like to get an updated assessment on what your property might sell for in the current market, or would like to chat about your property needs - call us now, or visit us on Main Road.
Yours in Property
Seeff Plettenberg Bay
044 533 0311
plett@seeff.com
Author: 1367
