Hermanus Residential Property Market Report

Hermanus, a prominent coastal town in the Western Cape, continues to be a highly desirable residential destination. Its property market offers a diverse range of options, from luxury estates to more accessible community-focused suburbs. The 17 suburbs and neighbourhoods of Hermanus stretch for 22.5 kilometers, from Benguela Cove on the eastern side of the Botrivier Lagoon to Voelklip, adjacent to the Klein River lagoon.

According to CMAInfo, the residential property market in Hermanus is estimated to comprise approximately 20 073 properties, consisting of 16 336 own title houses, 2 416 sectional title units, and 1 321 vacant land erven. Over the past decade, Hermanus's population has shifted from being 45% permanent residents to an estimated 75%. This increase includes many entrepreneurs and their families who are economically active and contribute to the local economy. In response to this growth, the town has implemented proper urban planning – including upgrading the streets in the Central Business District.

The Hermanus residential property market demonstrated resilience when comparing 2023 and 2024 data. Contrary to a national property market downturn, the Hermanus residential property market saw an increase in total sales (registrations) from 908 in 2023 to 954 in 2024, representing a 5,07% increase in sales volume. Concurrently, the total Rand value of these transactions increased from R2 936 642 494 in 2023 to R2 953 734 708 in 2024. This translates to a 0,58% increase in the total market Rand value.

On a monthly basis, Hermanus recorded an average of approximately 75.67 property sales (valued at R244,72 million) in 2023, which increased to around 79,5 properties (valued at R246,14 million) per month in 2024.

Hermanus boasts two suburbs with average house prices exceeding R10 million, and four suburbs where the average house price has surpassed the R5 million mark. Furthermore, only five of the seventeen suburbs in Hermanus have houses with an average price of less than R2 million, indicating that affordability has become a significant issue in the area over the past few years.

1. Hermanus Market Segment Analysis: Own Title, Sectional Title, and Vacant Land Sales

1.1 Own Title Market (Houses):

The own title market, which constitutes most of the housing stock in Hermanus, experienced an increase in sales volume but a slight decrease in total transaction value.

• In 2023, 626 houses were sold for a total value of R2 456 015 126.
• In 2024, 645 houses were sold for a total value of R2 356 307 058.

This marks a 3,03% increase in the number of sales and a 4,06% decrease in total Rand value for this segment. The average price per house (own title property) in Hermanus saw a 6.9% decrease, from R3 923 347 in 2023 to R3 653 191 in 2024. This trend suggests a higher volume of transactions in lower-priced segments of the own title market during 2024.

Notable Own Title Sales (2024):

• Highest Sale: R20,750,000 for the property at 7 Westcliff Road, Westcliff (Erf size: 1,071 m²).
• Lowest Sale: R7,500 for the property at 14 Kamana, Zwelihle (Erf size: 266 m²). 

Sales per Hermanus Suburb (2024) - Own Title (Houses)

The own title (freestanding) property market in Hermanus displayed a diverse performance across its suburbs in 2024. This report provides a breakdown by average sales price achieved in each of the suburbs, ranked from highest to lowest average prices.

Fernkloof (106 houses in total in the suburb)

• 4 own title sales totalling R52 500 000, resulting in an average price of R13 125 000 per unit.
• The highest priced unit sold for R17 800 000 at 3 Arc Street (Erf 2003 sq.m).
• The lowest was R8 700 000 at 23 Cross Street (Home 307 sq.m, Erf 916 sq.m).

Fernkloof Estate (300 houses in total in the suburb)

• 15 own title sales totalling R183 712 035, leading to an average price of R12 247 469.
• The highest price achieved was R19 000 000 for 94 Fernkloof Village (Erf 1523 sq.m).
• The lowest was R5 000 000 for 61 Lakewood Village (Erf 672 sq.m).

Kwaaiwater  (214 houses in total in the suburb)

• 8 own title sales totalling R69 950 000, resulting in an average price of R8 743 750 per unit.
• The highest priced home sold for R19 000 000 at 276 Main Road (Erf 714 sq.m).
• The lowest was R1 350 000 at 373 Main Road (Erf 883 sq.m).

Hermanus Heights (262 houses in total in the suburb)

• 14 own title sales totalling R98 575 000, resulting in an average price of R7 041 071 per unit.
• The highest priced unit sold for R9 650 000 at 63 Fernkloof Drive (Erf 958 sq.m).
• The lowest was R2 750 000 at 7 Walkerbay Crescent (Erf 910 sq.m).

Eastcliff (285 houses in total in the suburb)

• 12 own title sales totalling R81 816 500, resulting in an average price of R6 818 042 per unit.
• The highest priced unit sold for R14 750 000 at 32 Musson Street (Erf 849 sq.m).
• The lowest was R2 666 400 at 32 Moffat Street (Erf 694 sq.m).

Voelklip (1 614 houses in total in the suburb)

• 80 own title sales totalling R528 165 000, resulting in an average price of R6 602 063 per unit.
• The highest priced unit sold for R20 300 000 at 2 Fifth Avenue (Erf 495 sq.m).
• The lowest was R1,650,000 at 15 Twelfth Avenue (Erf 420 sq.m).

Hermanus Central (23 houses in total in the suburb)

• 2 own title sales totalling R9 547 500, resulting in an average price of R4 773 750 per unit.
• The highest priced unit sold for R5 347 500 at 8 Aberdeen Street (Erf 738 sq.m).
• The lowest was R4 200 000 at 11 Paterson Street (Erf 983 sq.m).

Hemel en Aarde (353 houses in total in the suburb)

• 15 own title sales totalling R69 175 000, leading to an average price of R4 611 667.
• The highest price achieved was R9 000 000 for 15 Sparrow Hawk (Home 690 sq.m, Erf 925 sq.m).
• The lowest was R3 500 000 for 3 Weaver Close (Home 160 sq.m, Erf 350 sq.m).

Onrusrivier (1 998 houses in total in the suburb)

• 95 own title sales totalling R436 700 000, achieving an average price of R4 596 842.
• The highest priced unit sold for R18,000,000 at 26 Yellow Wood Road (Erf 2179 sq.m).
• The lowest was R650,000 at 55 Lukes Avenue (Home 170 sq.m, Erf 613 sq.m).

Northcliff (336 houses in total in the suburb)

• 18 own title sales totalling R74,285,000, resulting in an average price of R4 126 944 per unit.
• The highest priced unit sold for R5,650,000 at 42 Dolphin Street (Erf 773 sq.m).
• The lowest was R2,000,000 at 35 Bird Lane (Erf 763 sq.m).

Vermont (1 359 houses in total in the suburb)

• 59 own title sales totalling R227 044 230, leading to an average price of R3 848 207.
• The highest price achieved was R9 960 000 for 30 Marine Drive (Home 250 sq.m, Erf 1076 sq.m).
• The lowest was R800 000 at 44 Malmok Crescent (Erf 761 sq.m).

Westcliff (969 houses in total in the suburb)

• 36 own title sales totalling R137 869 364, averaging R3 829 705 per sale.
• The highest priced unit sold for R20 750 000 at 7 Westcliff Road (Erf 1071 sq.m).
• The lowest was R128 807 at 3 Khayamandi Street (Erf 96 sq.m).

Sandbaai (2 174 houses in total in the suburb)

• 111 own title sales totalling R295 148 777, resulting in an average price of R2 658 998 per unit.
• The highest priced unit sold for R6 500 000 at 24 Branderdraai Street (Erf 869 sq.m).
• The lowest was R586 277 at 76 De Villiers Street (Erf 696 sq.m).

Fisherhaven (551 houses in total in the suburb)

• 23 own title sales totalling R44 440 000, achieving an average price of R1 932 174.
• The highest priced unit sold for R3 850 000 at 65 Riverside Drive (Erf 1140 sq.m).
• The lowest was R580 000 at 32 Bolero Lane (Erf 1487 sq.m).

Meerensee (137 houses in total in the suburb)

• 16 own title sales totalling R27 767 000, leading to an average price of R1 735 438.
• The highest price achieved was R7 800 000 for 229 Makayane No, 3 Sandown Bay (Erf 500 sq.m).
• The lowest was R630 000 for Erf 254 Flamingo Bay (Erf 1000 sq.m).

Hawston (1 925 houses in total in the suburb)

• 26 own title sales totalling R6 970 160, resulting in an average price of R268 083 per unit.
• The highest priced unit sold for R1 100 000 at 15 Seaview Drive (Erf 748 sq.m).
• The lowest was R7 500 at D1 Duke Road (Erf 300 sq.m).

Zwelihle (2 547 houses in total in the suburb)

• 50 own title sales totalling R5 873 756, resulting in an average price of R117 475 per unit.
• The highest priced unit sold for R495 000 at 9311 ZW Plot No (Erf 149 sq.m).
• The lowest was R7 500 at 14 Kamana (Erf 266 sq.m).

Mount Pleasant (1 183 houses in total in the suburb)

• 61 own title sales totalling R6 767 736, resulting in an average price of R110 946 per unit.
• The highest priced unit sold for R1 470 000 at 58 Katjiepiering Street (Erf 602 sq.m).
• The lowest was R30 000 at 54 Jakopregop Street (Erf 98 sq.m).

Note: The residential suburb of Benguela Cove recorded no own title sales in the 2024 sales data provided by CMAinfo.

1.2 Hermanus Sectional Title (Apartments) Sales:

The sectional title market in Hermanus saw a significant increase in activity in 2024.

• In 2023, 104 units were sold for a total value of R234 805 000.
• In 2024, 144 units were sold for a total value of R278 962 289.

This indicates a 38.46% increase in the number of sales and an 18,81% increase in total Rand value for this market segment. The average price per sectional title unit in Hermanus saw a 14.19% decrease, from R2 257 740 in 2023 to R1 937 238 in 2024.

Sales per Hermanus Suburb (2024) - Sectional Title Units:

The sectional title market in Hermanus showed varied performance across its suburbs in 2024. Here's a suburb breakdown by average sales price, ranked from highest average price to lowest:

1. Hermanus Central (156 sectional title units in total in the suburb): Recorded 4 sales totalling R23 480 000, resulting in an average price of R5 870 000 per unit. The highest priced unit sold for R9 500 000 at Unit 7 Ocean View (245 sq.m). The lowest was R3 800 000 at Unit 19 Marine Square (90 sq.m).
2. Fernkloof Estate (95 sectional title units): Experienced 5 sales totalling R28 550 000, leading to an average price of R5 710 000. The highest price achieved was R7 400 000 for Unit 1 Berg 'N See (139 sq.m). The lowest was R4 000 000 for Unit 14 Berg 'N See (89 sq.m).
3. Eastcliff (206 sectional title units): Recorded 4 sales totalling R25 700 000, resulting in an average price of R6 425 000 per unit. The highest priced unit sold for R9 000 000 at Unit 55 Bay View (120 sq.m). The lowest was R2 700 000 at Unit 12 Bay View (124 sq.m).
4. Onrusrivier (361 sectional title units): Registered 19 sales totalling R44 630 289, achieving an average price of R2 348 963. The highest priced unit sold for R3 600 000 at Unit 45 Fernwood (239 sq.m). The lowest was R1 170 000 at Unit 36 Negester Estate Onrus River (38 sq.m).
5. Sandbaai (220 sectional title units): Recorded 25 sales totalling R25 200 000, resulting in an average price of R1 800 000 per unit. The highest priced unit sold for R6 325 000 at Unit 7 Uitkyk - 3 Adam Road (380 sq.m). The lowest was R780 000 at Unit 2 Devide Industrial Park (98 sq.m).
6. Vermont (123 sectional title units): Experienced 9 sales totalling R16 045 000, leading to an average price of R1 782 778. The highest price achieved was R2 450 000 for Unit 2 Groenberg Cottages (86 sq.m). The lowest was R1 400 000 at Unit 1 Suidpuntsentrum (52 sq.m).
7. Northcliff (195 sectional title units): Recorded 7 sales totalling R10 625 000, resulting in an average price of R1 517 857 per unit. The highest priced unit sold for R2 000 000 at Unit 46 Oak Terrace (62 sq.m). The lowest was R725 000 at Unit 32 Silver Oaks (26 sq.m).
8. Westcliff (957 sectional title units): Saw 68 sales with a combined value of R101 070 000, averaging R1 486 324 per sale. The highest priced unit sold for R5 400 000 at Unit 2 Hermanus Breakwater (198 sq.m). The lowest was R1 000 at Unit 8 The Esplanade (17 sq.m).
9. Hermanus Industria (24 sectional title units): Recorded 2 sales totalling R2 477 000, resulting in an average price of R1 238 500 per unit. The highest priced unit sold for R1 375 000 at Unit 2 Mimosa Industrial Park (102 sq.m). The lowest was R1 102 000 at Unit 18 Mimosa Industrial Park (105 sq.m).
10. Meerensee (54 sectional title units): Experienced 1 sale. The unit sold for R1 185 000 at Unit 23 Meerensee (42 sq.m).

Note: Residential suburbs such as Benguela Cove, Fernkloof, Fisherhaven, Hawston, Hemel en Aarde, Hermanus Heights, Kwaaiwater, Mount Pleasant, Voelklip, and Zwelihle recorded no sectional title sales in the provided 2024 data.

1.3 Hermanus Vacant Land (Plots) Sales:

The vacant land market in Hermanus experienced a slight decrease in sales volume but a substantial increase in average price.

• In 2023, 178 vacant land plots were registered for a total value of R245 822 368.
• In 2024, 165 vacant land plots were registered for a total value of R318 465 361.

This indicates a 7,30% decrease in the number of sales but a 29,55% increase in total Rand value. Despite the drop in sales volume, the average price per plot in Hermanus increased substantially by 39,75%, from R1 381 025 in 2023 to R1 929 911 in 2024.

Sales per Hermanus Suburb (2024) - Vacant Land Plots:  

Here's a breakdown by average sales price per suburb, ranked from highest to lowest:

1. Fernkloof Estate (5 vacant land erven in suburb): Experienced 1 plot sale for R11 227 035 at 35 Lakewood Village (663 sq.m).
2. Voelklip (119 vacant land erven): Recorded 13 sales totalling R61 729 171, resulting in an average price of R4 748 398. The highest priced plot sold for R14 700 000 at 164 Twelfth Street (495 sq.m). The lowest was R1 550 000 at 314A Third Street (842 sq.m).
3. Hermanus Heights (20 vacant land erven): Registered 6 sales totalling R24 350 000, achieving an average price of R4 058 333. The highest priced plot sold for R5 275 000 at 22A Fernkloof Drive (756 sq.m). The lowest was R3 375 000 at 12 Fernkloof Drive (896 sq.m).
4. Onrusrivier (174 vacant land erven): Saw 22 sales with a combined value of R80 185 000, averaging R3 644 773 per sale. The highest priced plot sold for R18 000 000 at 26 Yellow Wood Road (2,179 sq.m). The lowest was R465 000 at 5 Ravenscroft Close (659 sq.m).
5. Westcliff (61 vacant land erven): Recorded 9 sales totalling R33,626,750, resulting in an average price of R3 736 306. The highest priced plot sold for R14 500 000 at 21 Westcliff Road (1,356 sq.m). The lowest was R410,000 at 28 Nelsons Way (429 sq.m).
6. Hemel en Aarde (5 vacant land erven): Experienced 1 plot sale for R2 565 200 at 5 Bontebok (1,208 sq.m).
7. Fernkloof (10 vacant land erven): Recorded 2 sales totalling R4 300 000, resulting in an average price of R2 150 000. The highest priced plot sold for R2 300 000 at 21A Fir Close (455 sq.m). The lowest was R2 000 000 at 23A Fir Close (386 sq.m).
8. Northcliff (5 vacant land erven): Experienced 1 plot sale for R2 000 000 at 15 Bird Lane (650 sq.m).
9. Vermont (186 vacant land erven): Registered 24 sales totalling R47 688 369, achieving an average price of R1 987 015. The highest priced plot sold for R5 100 000 at Erf 2561 Saffron Crescent East (600 sq.m). The lowest was R650 000 at 4 Kwartel Close (630 sq.m).
10. Sandbaai (114 vacant land erven): Saw 18 sales with a combined value of R27 529 000, averaging R1 529 389 per sale. The highest priced plot sold for R6 500 000 at 24 Branderdraai Street (869 sq.m). The lowest was R665 000 at 7 Fifth Avenue (714 sq.m).
11. Meerensee (42 vacant land erven): Recorded 6 sales totalling R5 520 000, resulting in an average price of R920 000. The highest priced plot sold for R2 000 000 at Erf 169 Flamingo Bay (824 sq.m). The lowest was R500 000 at Erf 97 Meerenbosch (328 sq.m).
12. Fisherhaven (194 vacant land erven): Experienced 17 sales with a total value of R11 613 000, leading to an average price of R683 118. The highest price achieved was R1 050 000 for 61 Protea Road (2,157 sq.m). The lowest was R450 000 at 7 Disa Road (1,006 sq.m).
13. Mount Pleasant (30 vacant land erven): Registered 6 sales totalling R295 435, achieving an average price of R49 239. The highest priced plot sold for R51 300 at Erf 11863 Fuchsia Circle (162 sq.m). The lowest was R38 935 at Erf 11854 Fuchsia Circle (155 sq.m).
14. Hawston (276 vacant land erven): Saw 38 sales with a combined value of R5 818 151, averaging R153 109 per sale. The highest priced plot sold for R680 000 at Erf 181 Marine Drive (595 sq.m). The lowest was R53 137 at 57 Seaview Drive (165 sq.m).
15. Zwelihle (55 vacant land erven): Recorded 1 plot sale for R18,250 at Erf 1886, Zwelihle (166 sq.m).

Note: Residential suburbs such as Benguela Cove, Hermanus Central and Kwaaiwater recorded no vacant land sales in the provided 2024 data.

Conclusion

The Hermanus residential property market demonstrated a positive trajectory in 2024 compared to 2023, with increases in overall sales volume and total market value. The dominant own title housing segment saw an increase in sales but a slight decrease in average prices. The sectional title market experienced robust growth in both sales volume and total value, although the average price per unit saw a decline. Conversely, while the vacant land segment saw a slight drop in the number of transactions, the average price for plots that did sell increased substantially, indicating strong demand and value appreciation for land. Despite varied performance across its numerous suburbs, Hermanus continues to be a substantial and attractive market.

The town's diverse property offerings, from high-value luxury homes in areas like Fernkloof, Fernkloof Estate and Kwaaiwater to more accessible and entry-level options in Mount Pleasant and Zwelihle, cater to a broad spectrum of buyers. Hermanus's unique coastal lifestyle, natural beauty, and growing infrastructure continue to underpin its appeal as a premier residential and investment destination in the Western Cape.

For more information about the latest, and comparative to your own property sales, please contact our local residential estate agent, George Prinsloo.