“It is set in a manicured garden complemented by water features and a sparkling pool, all with excellent security. With three to five bedrooms (depending on how certain rooms are used) the home offers a work from home or dual living option and is, at the same time, ideal for entertaining on account of its excellent indoor/outdoor flow.”
Lanice Steward, MD of APKF, said that Hout Bay has become one of the Cape’s more sought after areas.
“It offers what many people regard as the ideal combination of attributes: it has a wonderful community spirit which is fostered by many local societies such as the Friends of Hout Bay Museum and the Friends of the Library, seven or eight churches and some excellent private and government schools.”
Particularly appealing to many, said Steward, are the 20 or more bistros, coffee shops and restaurants, the two major shopping malls, the fresh produce market held in the Victoria Mall and the Sunday arts and crafts market held on the village green, as well as one or two organic produce markets held weekly in different parts of the village.
“It is,” said Steward, “sometimes said that the poverty of the Harbour Village and the Imizamo Yethu informal settlement are a threat to the stability of the entire valley. However, ongoing improvements in both areas are now on the drawing boards and an active neighbourhood watch has done much to contain crime.”
These and other factors, she said, help account for the facts that those who live here very seldom leave and Hout Bay has always proved popular with UK expatriates, some of whom live here permanently while others are swallows who regularly fly in for the summer.
Sales in Hout Bay, said Steward, have been reasonably buoyant over the last two years. PropStats figures, she said, indicate that nearly R600 million worth of homes were sold last year in Hout Bay and the average price achieved was R2,5 million.
“Right now almost any home that is right priced at Hout Bay will sell in four to eight weeks. There have, of course, been exceptions – one upmarket home took well over 700 days to sell and the price had to be dropped by 25% but in general we can and do find buyers for any home that are priced right.”
Steward added that a perception that Hout Bay is for the upper middle income earner is not wholly accurate.
“We have seen small apartments here selling at below R600 000 and even the average two bedroom units are still priced as low as R850 000.”