Natures Valley Property Market Review 2017-06-27
Natures Valley saw averages of R2,9million (11 properties) in 2015, R4,5million (7 properties) in 2016, and over R4million so far in 2017 (4 properties), which is a big jump upwards. Like-for-like, Natures Valley is one of the best performing suburbs in South Africa.
Increased “semigration” to the Western Cape continues, though there has been a slowing in other areas, so the future is somewhat uncertain.
There are currently at least 9 properties for sale in Natures Valley, with asking prices ranging from R3,95million to R8,5million.
The highest price to date was R7,605,000 in 2006 for a home on Nemesia Street. The highest price in 2016 was R6,3million for a house in St Andrews Ave. The highest in 2017 so far is R4,95million, with the average over R4million (4 properties).
The growth rate in Natures Valley over the past 20 years has been well above the national average. The high prices and good investment characteristics are attributable to the scarcity of property (Natures Valley cannot expand) and the high demand (due to lifestyle and natural beauty).
There are not enough sales in Natures Valley to make the historical analysis statistically significant, but an indication of rough trends can be gauged. The figures above were taken from Lightstone on the 27th of June 2017. Sales below R100 000, duplications and sales that are deemed not to be “arm’s length” market-related transactions are not included in the graphs. Note that a number of transfers between family members previously included have now been excluded. Figures were drawn by transfer date, not date of sale.
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