Raimond Lamprecht, principal of the new Jawitz Properties franchise in Swellendam says there is good value to be found in in the town but that most sellers are still having to accept offers 10% to 15% below their asking prices.
"There's been interest lately from foreigners and up-country buyers who are drawn to the area because of its scenic beauty and its proximity to Cape Town and George. Families regard it as a safe environment in which to raise children, and are attracted by the reputable schools and the quality of life. And of course the fact that Swellendam is the third oldest town in SA adds an historic flavour," he says.
Currently, growth is mostly taking place at the lower end of the market, that is the R400 000 to R750 000 range.
At the upper end, there has been much less activity and some properties have been on the market for more than a year. "Having said that, though, we have recently sold two up market properties for R2,175m and R1,950m respectively in less than a month," Lamprecht notes.
In the middle sector of the Swellendam market, buyers can expect to pay around R1m for a three to four-bedroom house, and around R850 000 for a sectional title unit in a retirement village.