Kleinmond Property Market Report - 2017/18
Kleinmond is a beautiful town on the Cape’s Whale Route – halfway along the R44 between Cape Town’s Helderberg area and Hermanus.
Lifestyle Offerings.
Every property in Kleinmond boasts with beautiful mountain views – and are either within walking distance to the lagoon and main beach area on the eastern side of the town, or the Harbour development on the western side.
The green belt bordering the Kleinmond lagoon and the Kleinmond’s main (blue flag) beach is within walking distance from most of the town’s suburb – with the Kleinmond golf course only 1.5 km up Botrivier Road and the tennis and bowls club right opposite the lagoon. Arabella Golf Estate with one of the top golf courses in the Western Cape is about 8 km from Kleinmond.
Kleinmond offers a convenient lifestyle due to all the suburbs close proximity to most amenities. For families the walking distance proximity to the centrally located Kleinmond Primary School (dual medium) as well as Krabbies & Krefies Crèches (on Main Road) is very appealing. Close by Hermanus has a Curro Private School (High and Primary) as well as state High and Primary Schools.
The SUPERSPAR shopping centre as well as the OK Minimarket along Main Road and a variety of restaurants and eateries at Kleinmond Harbour offers a choice one normally do not expect in a small seaside town. The closest regional shopping centres are in Hermanus and Somerset West.
A choice of medical practitioners (doctors, dentist, optometrists and pharmacists) abound in the Kleinmond (and Whale Coast) area. 4 Private hospitals are within an hours drive - Hermanus Medi-Clinic (34 km / 32 min), Strand Medi-Clinic / Spescare (53 km / 53 min), Busamed (69 km / 1 hour) and Vergelegen Medi-Clinic (66 km / 55 min)
Owner profile.
The average household income range in Kleinmond is according to Lightstone between R9 000 and R17 000 - which falls into the LSM 4 and LSM 7 Low Range with a total of 6 086 adults.
The period or tenure of ownership in Kleinmond, which is a measure of ownership stability, shows that about 53% of the existing owners have been owning for 11 or more years, about 10% between 8 to 10 years, about 9% between 5 to 7 years and 28% less than 5 years.
The age profile of the stable owners clearly confirms the historical peaceful retirement village atmosphere of the town – with 74% of the owners being older than 50 years. About 41% are older than 65 years, 33% (50 to 64 years), 23% (36-49 years) and 3% (35 and younger).
The recent buyers’ age profile is however different - pointing to a gradual rejuvenation of the town‘s ownership profile with 9% of the buyers being between 18-35 years, 22% (36-49 years), 45% (50-64 years) and 24% (65 and older).
Property Market
The Kleinmond property market consists of 3 457 own title or freehold houses which constitutes for 91.33% of the real estate market, 200 freehold houses in estates (5,28%), 26 sectional title property in estates (0,69%) and 102 sectional title property outside of estates (2,69%).
170 Houses and apartments were sold (registered) in Kleinmond during the last 12 months (Feb 2017 to Jan 2018) – of which 32 transfers took place in the last 3 months (Nov 2017 – Jan 2018). During the last 12 months 149 sales were freehold properties and 10 sectional title sales. 27 Erfs (vacant land) were transferred in the last 12 months and there have been 1 sale in execution during 2017.
There were in 2017 158 freehold or own title sales – which is about 13,2 house (freehold) sales per month relative to the 151 or 12,6 sales per month during 2016. There were in 2017 11 sectional title (apartment) sales in the year or about 0,9 apartment (sectional title) sales per month relative to the 22 or 1,8 sales per month during 2016.
Median prices achieved for Kleinmond’s freehold and sectional title properties has during the last 10 years grown with:
• freehold houses prices increased from R810 000 (2008) to R1 280 000 (2017) – i.e. a growth of 58% or about 5,8% per year.
• sectional title property prices increased from R713 000 (2008) to R830 000 (2017) – i.e. a growth of 16,4% or 1,64% p.a.
Prices of sea view stands range from about R750 000 to R900 000, and those for holiday homes near the beach from R2,8m to around R4,5m although some top properties are being marketed at prices of up to R7m.
Most retirees, however, target homes under the R1,6 million mark. Prices of homes in the
Palmiet area, for example, start at around R950 000 while those in the very popular
Klein Berlyn area range from about R1,5m to R3,5m. In
Heuningkloof, one of the newer areas, prices start at around R1,8 million. Small bachelor flats in the centre of town are still available from about R650 000.
For more information about the available properties for sale within Kleinmond, please follow the
link to our website or contact our local specialist estate agents,
Mima &
Donnie Claassen and
Linda Dixon at: mima@cch.co.za (072 394 3183) / donnie@cch.co.za (072 504 6137) / linda@cch.co.za (082 325 2022).
Author Benhard Wiese
