Yzerfontein Property Market Report: Lower Sales Volume but 12,9% Increase in Average House Prices
Yzerfontein, a picturesque coastal town forming part of the Swartland Municipality in the Western Cape, offers a unique blend of tranquil seaside living and natural beauty. The residential property market in Yzerfontein comprises approximately 2 274 properties, including 1 685 own title houses, 120 sectional title units, and 469 vacant land erven.
The Yzerfontein residential property market has experienced shifts in activity when comparing sales data of 2023, 2024 and the first quarter of 2025. While the allure of its coastal charm remains, the market has seen a decrease in the overall number of transactions, accompanied by varied performance across different property segments.
Overall, the Yzerfontein residential property market, according to CMAinfo, saw a decrease in total sales (registrations) from 155 in 2023 to 117 in 2024, representing a 24.5% decline in sales volume. Correspondingly, the total Rand value of these transactions decreased slightly from R489 998 205 in 2023 to R476 275 500 in 2024. This translates to a 2,8% dip in the total market Rand value.
On a monthly basis, Yzerfontein recorded an average of approximately 12,9 property sales (valued at R40,83 million) in 2023, which shifted to around 9,8 properties (valued at R39,69 million) per month in 2024.
1. Market Segment Analysis: 2023 vs 2024
1.1 Own Title Market (Houses):
The own title market in Yzerfontein saw a decrease in the number of sales and a slight decrease in total value.
- In 2023, 90 houses were sold for a total value of R349 748 000.
- In 2024, 77 houses were sold for a total value of R334 026 500. This marks a 14.4% decrease in the number of sales and a 4.5% decrease in total Rand value for this segment.
The average price per house (own title property) in Yzerfontein increased by 12.9% from R3 886 089 in 2023 to R4 081 149 in 2024, indicating that higher-value properties were transacted on average in 2024 despite fewer sales.
Notable Own Title Sales:
- 2023 Highest Sale: R16 750 000 for a property at 178 Dassen Eiland Drive (Erf size: 760 m²).
- 2023 Lowest Sale: R300 000 for Erf 2410, Mile 16 Beach Estate (Erf size: 233 m²).
- 2024 Highest Sale: R27 000 000 for a property at 1B Beach Road (Erf size: 783 m²).
- 2024 Lowest Sale: R450 000 for a property at 44f Duckitt Street (Erf size: 513 m²).
1.2 Sectional Title (Apartments):
The sectional title market in Yzerfontein, comprising 120 units, saw a decrease in both sales volume and total value.
- In 2023, 7 units were sold for a total value of R20 320 000.
- In 2024, 5 units were sold for a total value of R19 150 000. This represents a 28,6% decrease in the number of sales and a 5,8% decrease in total Rand value.
Despite the lower volume, the average price per sectional title unit in Yzerfontein increased significantly by 31.9% from R2 902 857 in 2023 to R3 830 000 in 2024.
Notable Sectional Title Sales:
- 2023 Highest Sale: R4 350 000 for Unit 1, 1 Fynbos Crescent (Unit size: 229 m²).
- 2023 Lowest Sale: R300 000 for Unit 42, Villa Fontana, De Jongh Crescent (Unit size: 20 m²).
- 2024 Highest Sale: R5 100 000 for a unit at 25 Fynbos Crescent (Unit size: 229 m²).
- 2024 Lowest Sale: R2 350 000 for a unit at 83 Versfeld Street (Unit size: 130 m²).
1.3 Vacant Land (Plots):
The vacant land market in Yzerfontein experienced a notable decrease in sales volume but a slight increase in total Rand value, suggesting a rise in average plot prices.
- In 2023, 58 vacant land plots were registered for a total value of R119 930 205.
- In 2024, 35 vacant land plots were registered for a total value of R123 099 000. This indicates a 39.7% decrease in the number of sales, yet the total Rand value for vacant land increased by 2.6%.
The average price per plot in Yzerfontein showed a substantial increase of 70,1%, rising from R2 067 762 in 2023 to R3 517 114 in 2024.
Notable Vacant Land Sales:
- 2023 Highest Sale: R9 000 000 for Erf 2794, Pearl Close Beach Front Estate (Erf size: 1,081 m²).
- 2023 Lowest Sale: R100 000 for a plot at 185 Dassen Eiland Drive (Erf size: 536 m²) (not market related).
- 2024 Highest Sale: R7 250 000 for a plot at 87 Main Road (Erf size: 659 m²).
- 2024 Lowest Sale: R175 000 for Erf 1325 Flamingo Street (Erf size: 1,655 m²).
2. Property Sales Highlights in Yzerfontein (1st Quarter 2025)
According to CMAinfo data for Yzerfontein, the most notable transactions for each property type in Yzerfontein during the first quarter of 2025, have been:
- Own Title : 13 sales (value R82 2220 000) at an average price of R4 995 000. The highest sales priced was achieved for 80 Lutie Katz Road, selling for R12,35 million.
- Sectional Title Units: no sales registered in the first quarter of 2025.
- Vacant Land: 8 sales (value R15 920 000) at an average price of R1 990 000. The highest sales priced was achieved for 6 Eleventh Street, selling for R5,65 million.
Conclusion
The Yzerfontein residential property market in 2024, when compared to 2023, demonstrates a market undergoing adjustment. While overall sales volumes have decreased across all segments, the average prices for own title homes, sectional title units, and particularly vacant land have shown significant increases. This suggests that while fewer properties changed hands, those that did often commanded higher prices, reflecting sustained demand for desirable properties in this coastal town. The vacant land segment, in particular, shows strong value appreciation despite lower transaction numbers. The Yzerfontein market continues to be an area of interest, with its unique coastal appeal influencing property values.