As we enter Q3 of 2023 in a year that has proven to be a very interesting one in terms of the rand and significant economic impacts, in yet South African remain resilient and property investments along the Western Seaboard of Cape Town remain sound!   As the Big Bay Property Specialists who deal both in the rental and sales market, we took a look at a bird's eye view on some interesting statistics from the latest Light Stone reporting as at the end of August 2023.  

DID YOU KNOW?  Big Bay has 725 Freehold properties of which the following are relevant stats: 

• Properties SOLD in 2023 (Year to date) = 30
• Average Selling Price: R 5,350,000
• Average Year-to-date year on year value growth % = +14% 

These statistics give us some insights into the real estate market in Big Bay in August 2023. The average selling price of properties is relatively high, and the market has seen a positive growth of 14% year-to-date, indicating that property values have appreciated during this time period.

We then looked at the reasons Big Bay remains attractive to prospective buyers, which in turn with a demand for these properties creates a sound property investment for Homeowners alike.  Key factors include: 

• Safety and Security: The presence of a state-of-the-art security infrastructure, including Fiber optic networks, heat- seeking cameras, 24/7 guards, and patrols, provides residents with a high level of safety and peace of mind. This is especially attractive for families and individuals who prioritize security.
• Scenic Location: Being located near the Atlantic Coast offers residents breathtaking views and easy access to beaches and outdoor recreational activities. Aesthetically pleasing surroundings can greatly enhance the quality of life.
• Amenities: The availability of schools, shopping centres, restaurants, and bars within the vicinity of Big Bay makes it a convenient and desirable place to live. Easy access to essential services and entertainment options is a significant selling point for any suburb.
• Community: Gated communities and security estates often foster a strong sense of community among residents. The shared security and common amenities can lead to close-knit neighbourhoods where people feel connected to their neighbours.
• Property Value: The positive year-to-date growth in property values, mentioned above, can also attract buyers and investors. The potential for property appreciation can be a strong incentive for individuals looking to invest in real estate.

Overall, Big Bay offers a combination of safety, natural beauty, modern infrastructure, and conveniences that make it an attractive place to live. This appeal can contribute to the influx of people to the area and the growth of the real estate market. 

We are grateful to the Big Bay MPOA for keeping our suburb beautiful, clean and safe.  

Contact Jacqui or Jennifer to discuss your personal property requirements and explore options in Big Bay! 

Jacqui Rae-Pienaar | 082 412 0050  or Jennifer Cunnington | 082 601 4520