Camps Bay is an affluent area located 11km from Cape Town overlooking the Atlantic Ocean.
The land was originally granted to John Lodewyk Wernich, who established a farm. Upon his death, this and was granted to his son, and upon his death, his widow Anna was granted this land. Anna later remarried a sailor by the name of Fredrik Ernst Von Kamptz. The farm prospered and the area was eventually known as Die Baai van Von Kamptz, later shortened to Camps Baai, and now known as Camps Bay.
Today, Camps Bay is known to be one of the most vibrant suburbs in Cape Town with a palm-tree lined beachfront, many restaurants, bars and hotels. It is very popular with tourists and locals alike and is arguably one of the best beaches in Cape Town.
This area comprises of just over 60% freehold properties, with the remaining being sectional title units. This is a high LSM area with approximately 2 283 adults in the area. Recent buyers into the area range from young adults to pensioners, with the majority of buyers being middle aged. Most sellers out of the area have been pensioners.
Considering the prices at which real estate in this area sell for, it is surprising to note that there have been 34 sales in the past 12 months. Most of these sales were freehold properties, with an average of just over R13 000 000 and the remaining 12 properties being sectional title units with an average sales price of R8 260 000.