St Helena Bay Property Market is Growing: Increased by 20,4% in Rand Value (2023 vs 2024)

St Helena Bay Property Market is Growing: Increased by 20,4% in Rand Value (2023 vs 2024)

St Helena Bay forms part of one of the top local governments in South Africa, the Saldanha Bay Municipality. There are 5 646 residential properties in St Helena Bay: 2 539 houses (own title), 3 063 vacant land (plots) and 44 sectional title units.

The St Helena Bay residential property market has continued to demonstrate robust performance, showcasing significant activity across own title and vacant land sales when comparing 2023 and 2024 data. The appeal of its tranquil coastal living and relatively affordable prices compared to other Western Cape regions continues to attract buyers, fuelling a healthy market.

Overall, the St Helena Bay residential property market saw according to CMAinfo a decrease in total sales (registrations) from 559 in 2023 to 476 in 2024, representing a 14,8% decline. However, despite this dip in volume, the total Rand value of these transactions experienced a commendable increase in Rand value, climbing from R413 125 700 in 2023 to R497 235 100 in 2024. This translates to a noteworthy 20,4% surge in total market Rand value, indicating a rise in the average price per property.

On a monthly basis, St Helena Bay recorded an average of approximately 46,6 property sales (valued at R34,4 million) in 2023, which shifted to around 39,7 properties (valued at R41,4 million) per month in 2024.

1.1 Own Title Market (Houses):

The own title market in St Helena Bay saw a slight increase in the number of sales but a significant rise in total value. In 2024, 161 houses were sold for a total value of R368 229 700, compared to 139 houses worth R313 895 500 sold in 2023. This marks a 13.7% increase in the number of sales and an 11.0% increase in total Rand value.

The average price per house (own title property) in St Helena Bay increased by 1,3% from R2 258 241(2023) to R2 287 141 (2024). If one however compares it with the average price achieved in 2014 (according to Lightstone) of R724 000, then it relays to a capital growth of 204,6% for houses (own title) during the last decade – at an average of 20,4% per year.

1.2 Sectional Title (Apartments):

The sectional title market in St Helena Bay remains a very small segment, with only 44 units in total and no recorded sales in either 2023 or 2024. This highlights the limited stock and potential for future development in this category.

1.3 Vacant Land (Plots):

The vacant land market in St Helena Bay demonstrated considerable activity and growth. In 2024, 315 vacant land plots were registered for a total value of R129 005 400. This is a decrease in volume from 420 plots worth R99 230 200 sold in 2023. Despite the 25% drop in the number of sales, the total Rand value for vacant land increased by 30%, indicating a notable appreciation in plot prices.

2. Sales per St Helena Bay Suburb (2024)

According to CMAinfo data, here's an overview of the property market within specific St Helena Bay suburbs during 2024, ordered by the average price achieved in each suburb.

2.1 Own Title - Houses:

The own title market in St Helena Bay saw diverse performance across its various suburbs in 2024. Here's a suburb breakdown by average sales price, ranked from the highest to the lowest:

• Duyker Eiland: Recorded 2 house sales totalling R8 096 000, resulting in the highest average price of R4 048 000 per sale. The highest priced home sold for R4 646 000 at 17 Duyker Eiland Drive.
• Shelley Point: With 36 house sales amounting to R127 897 000, Shelley Point achieved an average price of R3 552 694. The highest priced home sold for R12 500 000 at 25 Eleventh Street, showcasing its premium appeal.
• Golden Mile: Experienced 22 house sales totalling R71 115 000, leading to an average price of R3 232 500. The highest price achieved was R14 250 000 for 68 Golden Mile Boulevard.
• Blueberry Hill: Registered only 1 house sale, but it commanded a price of R2 600 000. The property was 5 Blueberry Drive.
• Columbine: Saw 12 house sales with a combined value of R28 200 000, averaging R2 350 000 per sale. The top sale was R3 750 000 for 68 Admiral Drive.
• Sandy Point: Recorded 11 house sales totalling R24 567 000, resulting in an average price of R2 233 364. The highest priced home sold for R3 700 000 at 2 Periwinkle Close.
• Britannica Heights: Registered 5 house sales with a combined value of R11,000,000, averaging R2 200 000 per sale. The top sale was R2 900 000 for 37 Hannasbaai Street.
• Brittania Reef Estate: Saw 13 house sales totalling R27,342,700, achieving an average price of R2 103,285. The highest priced home sold for R2 999 000 at 28 Perlemoen Crescent.
• Harbour Lights: Experienced 7 house sales with a total value of R14,345,000, leading to an average price of R2 049 286. The highest price achieved was R3 650 000 for 12 Harbour Lights Avenue.
• Brittannia Beach Estate: Experienced 12 house sales with a total value of R21 765 000, achieving an average price of R1 813 750. The highest priced home sold for R2 630 000 at 26 Geeblombos Crescent.
• Stompneus Bay: Recorded 1 house sale with a total value of R1,500,000, which is also its average of R1 500 000. The property was 28 Stompneus Road.
• Steenberg Cove: Registered 9 house sales totalling R12 872 000, leading to an average price of R1 430 222. The highest priced home sold for R2 100 000 at 9 Monrose Road.
• St Helena Views: Saw 30 house sales totalling R16,930,000, achieving an average price of R564 333. The highest priced home sold for R1 991 000 at 25 Longview Drive.

2.2 Sectional Title – Apartments:

There were no recorded sectional title sales in St Helena Bay suburbs for 2024 – as there is only 44 sectional title units in St Helena Bay.

2.3 Vacant Land:

The vacant land market in St Helena Bay saw varying average prices across its suburbs in 2024 – with the highest plot price of R6,65 million achieved in Shelley Point.

• Duyker Eiland: Recorded 11 vacant land sales totalling R21 615 000, achieving the highest average price of R1 965 000 per plot. The most expensive plot fetched R4 950 000 at 13 Duyker Eiland Drive.
• Golden Mile: Experienced 26 vacant land sales with a total value of R32 518 500, leading to an average price of R1 250 712. The highest price achieved was R5 800 000 for 32 Golden Mile Boulevard.
• Shelley Point: Registered 107 vacant land sales totalling R129 005 400, resulting in an average price of R1 205 658. The highest priced plot sold for R6 650 000 at 29 First Avenue.
• Columbine: Saw 68 vacant land sales totalling R67 526 000, achieving an average price of R993 029. The highest priced plot sold for R3 700 000 at 79 Flammingo Street.
• Brittania Beach Estate: Experienced 31 vacant land sales with a combined value of R29 558 000, averaging R953 484 per sale. The top sale was R3 295 000 for 5 Rooinaeltjie Street.
• Brittania Reef Estate: Registered 14 vacant land sales totalling R12 590 000, leading to an average price of R899 286. The highest price achieved was R2 910 000 for 36 Sunfish Crescent.
• Sandy Point: Saw 20 vacant land sales totalling R17 558 000, achieving an average price of R877 900. The highest priced plot sold for R3 084 000 at 5 Diademma Street.
• Steenberg Cove: Experienced 15 vacant land sales with a combined value of R11 797 500, averaging R786 500 per sale. The top sale was R1 900 000 at 77 Taluga Drive.
• Harbour Lights: Registered 16 vacant land sales totalling R11 020 000, resulting in an average price of R688 750. The highest priced plot sold for R2 000 000 at 10 Kingklip Crescent.
• Britannica Heights: Saw 14 vacant land sales totalling R14 440 000, achieving an average price of R1 031 429. The highest priced plot sold for R2 600 000 at 62 Belle Vanti Avenue.
• Blueberry Hill: Experienced 3 vacant land sales with a combined value of R1 287 500, averaging R429 167 per sale. The top sale was R600 000 at 31 Tern Street.
• St Helena Views: Recorded 72 vacant land sales totalling R27 821 500, resulting in a lower average price of R386 410. The highest priced plot sold for R2 250 000 at Erf 10684 Delta Crescent.

This report highlights the consistent demand and growth within the St Helena Bay residential property market despite a slight decrease in overall sales volume. The significant increase in total Rand value across own title and vacant land segments underscores the area's increasing desirability and investment potential, especially given its attractive coastal lifestyle. The absence of sectional title sales suggests a niche market or undeveloped potential in this specific property type.