Paarl Property and General Area Information
The price of Paarl property is almost constantly on the rise, so if you are thinking about buying property in Paarl for residence or investment value, rather act quickly. The average price of houses for sale in Paarl for more exclusive 4-5 bedroom homes at the moment is about R 5, 000 000, with the cheapest Paarl property for sale going for as low as R 450 000 and the more expensive properties rising as high as R 22, 000 000.
This wide range is due to the large selection of smallholdings, Paarl security estates, traditional homesteads and other property types in Paarl. While the above gives an indication of the average living standards, it also depicts the diversity of real estate that Paarl accommodates.
The overall Paarl property market consists of a significant 97% full title Paarl houses and only 3% sectional title property (townhouses, apartments and flats usually) because of the large number of farms as per the FNB Paarl property for sale report for the area. These freestanding properties are majority between 200 square metres and 500 square metres, with the sectional title units having a maximum size of 100 square metres. Most full title properties in Paarl have between three and four bedrooms to accommodate families whilst about two-thirds of the sectional title properties in Paarl are single bedroom for bachelors or childless partners.
Paarl | Property – Market and Sales Analysis
In this section we analyse some of the Paarl suburbs to gain a clearer understanding of the property composition and average sales prices for Paarl properties between June 2012 and May 2013. (These are based on recent comprehensive Lightstone property reports).
Boschenmeer Golf Estate records 35 estate sales at an average of R 2, 351 000, with Courtrai showing 16 freestanding sales at the slightly lower average sale price of R 2, 236 000.
Denneburg starts showing a mild blend with 92% freestanding and 8% sectional title market stock, giving us a lower average of R 761 000 based on 15 sales of these Paarl properties.
Klein Parys leans slightly more on estates with 19% and 81% recorded for freestanding properties. The 28 sales here average at R 871 000.
Lemoenkloof leans completely on the freehold side with just 7 freestanding sales recording a sales average of just over R 1, 600 000.Paarl Central West shows 84% freehold and 16% sectional title and the total of 47 sales average at R 1, 804 000. It is pleasing to note that the younger market is showing keen interest in the area too. For instance Klein Parys shows over 40% buyers aged less than 35 years.
Paarl | Property – 5-Year Sales Analysis
This section considers a 5-year analysis of the sales by suburb for properties in Paarl, as per Tivvits Suburb Comparison Report for the period 2008 to 2013.
The above 5-year analysis reveals that a total of 4 713 sales transfers were recorded over this period in the above Paarl suburbs. Of these, majority 86.74%, were freestanding Paarl properties, while 13.26% were sectional title units. The price varies due to different suburbs, changes in price trends over the past 5 years, and sales of different property types. Nevertheless, the average price still exceeds R 1 million at R 1, 043 197 as shown above (bearing in mind this is a 5-year analysis and prices are appreciating). A look at the luxurious and ever popular Boschenmeer Golf Estate above shows an average of close to R 2 million. The same with Courtrai, while Dal Josafat records an average in excess of R 6 million, Park Land is over R 2 million and Suider Paarl close to R 3 million.
General Information for Paarl
Paarl (English: Pearl) was named after the awe-inspiring sight of the Paarl Domes on the Mountain Range in the morning after a heavy storm.
Originally an outpost for trade between the Dutch and the local Khoi, Paarl is a beautiful town located in the Western Cape Province, and is the third oldest town in South Africa.
Residents of Paarl property take pride in the amazing scenery that completely surrounds Paarl, from the beautiful Wine Routes to the breath taking views of the Paarl Mountain Range. Being flanked by stunning Winelands districts all around, Paarl is indeed the “gateway to Cape wine culture”. It has really become a home to love for many, and Paarl property is not only constantly increasing in popularity, but in value too! Paarl is also one of the towns in South Africa where the predictions are that the price of properties is expected to rise over the next few years.
The town is also filled with great monuments and exciting history that has moulded the town, over time, to become the flourishing haven that is today. Famously known for the Paarl Wine Route, Paarl is agriculturally rich and is the perfect place for anyone who likes the “country”. Although Paarl property residents have, over the years, developed a leisurely lifestyle - Cape Town, only a 45 minute drive away, means that exciting nightlife and a city of opportunity is close by.
Paarl | Amenities
Paarl | Education
Paarl hosts some of the finest schools in the country; Paarl Gimnasium High School, La Rochelle Girls' High School, Paarl Boys' High School, Paarl Girls' High and New Orleans Secondary School to name a few. Paarl Girls' was placed seventeenth in the National Senior Certificate's "Excellence in academic performance" awards in 2012. There are various other schools for children of all ages and the world renowned University of Cape Town is not far away either.
Paarl | Health and Safety
Shopping wise you have Paarl Mall, Vineyard Centre, Eccentric Trading Centre and others, not forgetting the variety of options in Cape Town.
Paarl | Wineries and Leisure
Although residents of Paarl property have almost endless options of past-time activities, the Paarl Wine Route is still one of the main attractions both to local and international tourists. Some of the most prestigious vineyards in South Africa can be found here including Avondale, Nederburg, Simonsvlei and many a connoisseur’s favourite; Veenwouden. You can enjoy activities such as fishing, hiking, mountain biking and much more!
Purchasing a Paarl property for investment or as a home is no menial task! The support of a reliable facilitator by your side will enable you to make the best decision. Contact one of Chas Everitt Paarl’s real estate specialists today and we will walk you through every step of the way whether buying, selling, leasing or even renting – our expertise and knowledge won’t let you down!
Tel: 011 801 2500 (National Number)
Tel: 0860 104 355 (After-Hours)
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