Saldanha Residential Property Market Report - 2024
Saldanha Residential Property Market Report - 2024
There are 7 855 residential properties in Saldanha of which 5 919 are own title, only 87 are residential sectional title units (apartments) and 1 843 are vacant land.
The Saldanha residential property market has in 2024 experienced a 42% drop in property sales (registrations), primarily driven by a drop in affordable home (own title) sales in Diazville which decreased from 91 to 1 sale for the year.
The total market value for Own Title, Sectional Title, and Vacant Land sales reached, according to CMAinfo, R122 421 425 across 163 transactions. The own title segment dominated, accounting for 61% of the sales volume and 75% of the Rand value.
Vacant land sales also contributed significantly - 39% of the sales volume and 25% of the Rand value. Sectional Title sales were notably absent in 2024, as it forms a very small part of the Saldanha residential property market, with only 93 sectional title units available in Saldanha.
Market Overview – 2023 vs 2024
- Total Transactions: 282 (2023) vs 163 (2024)
- Total Market Value: R160 672 697 (2023) vs R122 421 425 (2024)
- Average Monthly Sales Value: R13 389 391 (2023) vs R10 201 785 (2024)
- Average Daily Sales Value: R440 199 (2023) vs R335 401 (2024)
There were 1 626 property sales during 2023 in the Cape West Coast residential property market. The Cape West Coast comprises of 9 towns between Yzerfontein and Velddrif, including Darling, Langebaan, Saldanha, Vredenburg, Velddrif, St Helena Bay and Paternoster. Saldanha is the 4th biggest residential property market in the Cape West Coast with its 282 sales (2023) forming 17,3% of unit sales and about 6,5% of the R2,5 billion in sales value.
During the last 15 years, the demand for Saldanha residential property pushed annual sales volumes from 100 property sales in 2009 to 163 sales (2024) – i.e. from about 8,3 property sales per month to 13,6 sales per month. The record year for sales in Saldanha was in 2016, when 526 properties were registered.
- Own Title Market Analysis:
- Total Erven: 5 919
- Total Sales: 99
- Total Sales Value: R91 517 500
Own Title Sales by Suburb:
| Total Property | Sales | Rand Value | Highest Sold Property Price | Price | Erf Size | Price/sq.m | Lowest Sold Price Property | Price | Erf Size | Price/sq.m |
360 | 15 | 19 726 377 | 21 Gracillia Crescent | 2 600 000 | 502 | 5 179 | Erf 16094 Blouwaterbaai | 66 377 | 686 | 97 | |
Diazville | 3062 | 32 | 9 804 515 | 21 Don Street | 1 070 000 | 300 | 3 567 | 29 Goodhope Street | 1 889 | 298 | 6 |
Parkers Town | 120 | 3 | 4 400 000 | 7 Albatros Street | 1 750 000 | 887 | 1 973 | 2 Parker Crescent | 1 000 000 | 980 | 1 020 |
Saldanha Central | 1725 | 47 | 57 148 510 | 6 Botterboom Close | 2 500 000 | 595 | 4 202 | Erf 13924 Aurania Welgedan Estate | 185 000 | 220 | 841 |
White City | 652 | 2 | 438 108 | 63 Dageraad Street | 435 000 | 214 | 2 033 | 28 Tonyn Street | 3 108 | 366 | 8 |
- Vacant Land Market Analysis:
- Total Erven: 2 035
- Total Sales: 81
- Total Sales Value: R30 903 925
Key Observations - Vacant Land:
- The vacant land market contributed a substantial portion to the overall sales value, indicating ongoing development and investment potential in Saldanha.
Vacant Land Sales by Suburb:
| Total Property | Sales | Rand Value |
Blouwater Bay | 78 | 5 | 3 040 000 |
Diazville | 1165 | 1 | 220 000 |
Parkers Town | 6 | 1 | 950 000 |
Saldanha Central | 553 | 56 | 26 508 925 |
Saldanha Harbour | 6 | 0 | 0 |
White City | 35 | 1 | 185 000 |
- Sectional Title Market Analysis:
- Total Sales: 0
- Total Sales Value: R 0
Key Observations - Sectional Title:
- There were no recorded Sectional Title sales in 2024 due to a lack of available stock.
Considering investing in Saldanha, or in the Cape West Coast, or selling your property there? Contact one of the CCH member agents living and specializing in the area.
- Yzerfontein & Darling :
Louise Burger (louise@cch.co.za / 084 594 6741)
- Hopefield (and adjacent Swartland areas) :
Andrea Nel (andrea@cch.co.za / 083 261 9025)
Carl Nel (carl@cch.co.za / 071 874 9410)
- Langebaan, Saldanha, Paternoster, Jacobsbaai, Velddrif and Vredenburg:
Ronelle Cockrell (ronelle@cch.co.za / 082 232 1735)
Noel van den Heuvel (noel@cch.co.za / 072 777 4832)
Jenny van den Heuvel (jenny@cch.co.za / 083 231 3895)