As with all markets, the Erinvale property market is based on supply and demand.  Demand for property in Erinvale Golf Estate remains very strong, with an influx of local and up-country buyers continuing to be attracted to the secure lifestyle in one of South Africa’s premiere residential estates.

The challenge for buyers though, is that there is very limited stock available in Erinvale.  And when property does come to market, it’s snapped up very quickly.

This was very evident in 2023, when there were only 14 Freehold property sales, and 3 Sectional Title sales.  The average selling prices were R 7 750 000 and R 4 950 000 respectively.

This year we have seen a significant increase of the number of sales.  As of 1 September 2024, with only 8 months gone in the year, we’ve seen 22 Freehold property and 3 Sectional Title property sales.  That’s a 50% increase in Freehold property sales with 4 months of the year remaining.

We’ve also seen a healthy strengthening of selling prices, with Freehold properties averaging R 9 950 000 and Sectional Title properties selling for an average of R 6 000 000.

What’s been driving the improved activity and 28% increase in the average selling price?

Stock levels have improved in 2024 with some property sellers deciding to sell due to “change of life” circumstances, which is often the case with an older demographic.  Many of these sellers are reluctant to bring their “Erinvale chapter” to a close – but are forced to make tough decisions based on these personal factors.

If fact, demand for property is at a record high level.

“We have a waiting list of qualified buyers just waiting for a suitable property to come to market”, said on-site area specialist Michael Pashley.  As a resident of Erinvale himself, Michael appreciates the appeal of the Erinvale lifestyle all too well.  

What can buyers expect from the Erinvale market over the next while?  All indicators point to demand strengthening even further as discerning buyers look for an opportunity to buy their piece of paradise. As demand increases, and supply remains tight, there is every indication that property values will continue to escalate for the foreseeable future.

“If an Erinvale property is on your shopping list”, says business owner of Harcourts Platinum and Erinvale property owner since 1996, Steve Caradoc-Davies, “then you need to move quickly when a suitable property comes to market.  The old adage of ‘you snooze, you lose’ has never been truer.”

For more information on Erinvale Golf Estate and to register your interest in Erinvale property, click on this link.