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Everything you need to know about buying and selling property in Paarl. Market data, price trends, and expert insights.
Updated with 2024 market data
The Paarl property market delivered strong performance in 2024, with 1,144 transactions totalling R4.35 billion. The average sale price of R3.8 million represents a 22% increase year-on-year, reflecting continued demand for quality property in the Cape Winelands.
Notably, while transaction volumes have declined slightly (typical in a higher interest rate environment), average prices have risen — a strong indicator for current property owners. Demand remains robust, particularly in the established school-belt suburbs and premium estates.
The market is bifurcating: premium properties in sought-after locations continue to command top prices, while the affordable end of the market offers opportunities for first-time buyers and investors seeking yield.
Groenheuwel, Charleston Hill, Amstelhof, parts of Paarl Central. First-time buyers and investors. Apartments and modest houses.
Klein Parys, Bergsig, Paarl North, Denneburg. Family market. 3-4 bedroom houses, some estates.
Hoog en Droog, Lemoenkloof, Courtrai, golf estates. Premium family homes and lifestyle properties.
Val de Vie, Pearl Valley, L'Ideal, Laborie-et-Picardie. Trophy homes and exclusive estates.
Top sale: R21.5M. Strong demand for mountain-side premium.
75 houses, 25 sectional title. Good volume and liquidity.
Top sales R84M (Val de Vie) and R115M (Pearl Valley). Ultra-premium market healthy.
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