Somerset West Residential Property Market : R5,25 Billion Sales In 2024

Nestled between the majestic Helderberg Mountains, the scenic Cape Winelands, and the tranquil False Bay, Somerset West continues to solidify its position as a highly sought-after residential destination within the Cape Town Municipality. Despite the broader national economic challenges, the town's enduring appeal, driven by its picturesque setting, diverse amenities, and high quality of life, has fostered a remarkably resilient and growing property market.

The residential property market in Somerset West and its various suburbs demonstrated robust performance in 2024 – maintaining its position as the biggest residential market in the Cape Winelands. Total sales reached an impressive R5.25 billion, as compiled from CMAinfo sales data for Somerset West. This represents a slight 0.14% increase in Rand value sales compared to the R5.24 billion recorded in 2023. While the Rand value saw a modest rise, the number of properties sold experienced a 4.3% decrease, with 1,639 sales in 2024 compared to 1,713 in 2023. This suggests a strengthening of property values per transaction, even with a slight reduction in volume.

Somerset West's property landscape is characterized by a strong presence of both freehold (own title) and sectional title properties, catering to a wide range of buyer preferences. The demand for secure estate living is particularly evident, with many buyers drawn to the added peace of mind and lifestyle offerings.

1. Somerset West Freehold Houses: Sustained Growth in a Diverse Market

The freehold housing market in Somerset West remained active in 2024, with 793 properties sold, representing 5,2% of the total 15 146 houses. This marks a 9.3% decrease from the 874 freehold properties sold in 2023. However, the total value of these sales decreased by 0,9% to R3.41 billion in 2024, down from R3,44 billion in 2023. The average price for an own title property sold in Somerset West in 2024 is approximately R4 295 446 (R3 406 288 455 / 793). This indicates a healthy 3.8% increase in the average price per freehold property compared to the R3 933 713 average in 2023 (R3 438 065 437 / 874). This highlights the continued appreciation of property values in this segment, even with fewer transactions.

Somerset West Suburbs Sales During 2024

Here's a breakdown of the highest and lowest own title sales in each Somerset West suburb for 2024. We have ordered the suburbs according to the highest sales prices achieved, into 3 categories:

1.1         Suburbs where highest priced houses sold for below R5 million

• 1.1.1   Chris Nissen Village (1 sale):
• • Highest & Lowest: R320 000 for a house on 136 sq.m erf (R2 353 per sq.m erf).

• 1.1.2   Garden Village (2 sales):
• • Highest: 11 Verbena Street sold for R400 000 (63 sq.m house on 193 sq.m erf at R2 073 per sq.m erf).
  • Lowest: 10 Verbena Street sold for R70 000 (58 sq.m house on 219 sq.m erf at R320 per sq.m erf).
• 1.1.3   Paardevlei (1 sale):
• • Highest & Lowest: 1 Flamink Street sold for R1 770 000 (130 sq.m house on 572 sq.m erf at R3 094 per sq.m erf).
• 1.14    Victoria Park (17 sales):
• • Highest: Erf 18155, 2 Newburry Road sold for R1 800 000 (house size not specified, on 239 sq.m erf at R7 531 per sq.m erf).
  • Lowest: Erf 18041, 2 Newburry Road sold for R790 000 (house size not specified, on 231 sq.m erf at R3 420 per sq.m erf).
• 1.1.4   Kalamunda (1 sale):
• • Highest & Lowest: 58 Gordon Road sold for R1 820 000 (165 sq.m house on 781 sq.m erf at R2 330 per sq.m erf).
• 1.1.6   Firgrove (6 sales):
• • Highest: 14 Fourth Street sold for R1 850 000 (179 sq.m house on 496 sq.m erf at R3 730 per sq.m erf).
  • Lowest: 24 Fifth Street sold for R350,000 (80 sq.m house on 483 sq.m erf at R725 per sq.m erf).
• 1.1.7   Somerset Forest (2 sales):
• • Highest: 38 Blue Rock Road sold for R1 900 000 (180 sq.m house on 400 sq.m erf at R4 750 per sq.m erf).
  • Lowest: 1161 Blue Rock Road sold for R1 550 000 (88 sq.m house on 400 sq.m erf at R3 875 per sq.m erf).
• 1.1.8   Van Der Stel (12 sales):
• • Highest: 31 Stellenhof Street sold for R2 190 000 (house size not specified, on 496 sq.m erf at R4 415 per sq.m erf).
  • Lowest: 8 Tharina Street sold for R625 000 (house size not specified, on 616 sq.m erf at R1 015 per sq.m erf).
• 1.1.9   Canwick (1 sale):
• • Highest & Lowest: 13 Montagu Street sold for R2 400 000 (house size not specified, on 601 sq.m erf at R3 993 per sq.m erf).
• 1.1.10 Bridgebank (1 sale):
• • Highest & Lowest: R2 550 000 for a 159 sq.m house on 1 041 sq.m erf (R2 450 per sq.m erf).
• 1.1.11 Longdown (6 sales):
• • Highest: 2 Diaz Village sold for R2 750 000 (107 sq.m house on 233 sq.m erf at R11 803 per sq.m erf).
  • Lowest: 2 Stejuna Close sold for R1 900 000 (110 sq.m house on 250 sq.m erf at R7 600 per sq.m erf).
• 1.1.12 Bridgewater (2 sales):
• • Highest: 5 Zoetendal sold for R2 950 000 (228 sq.m house on 1,388 sq.m erf at R2 125 per sq.m erf).
  • Lowest: 28 Bridgewater Street sold for R2 800 000 (167 sq.m house on 682 sq.m erf at R4 106 per sq.m erf).
• 1.1.13 Bene (1 sale):
• • Highest & Lowest: R3,250,000 for a 183 sq.m house on 929 sq.m erf (R3 498 per sq.m erf).
• 1.1.14 Audas Estate (8 sales):
• • Highest: 5 Private Road sold for R4 100 000 (1493 sq.m house on 1 237 sq.m erf at R3 314 per sq.m erf).
  • Lowest: 35 Audas Street sold for R1 615 000 (149 sq.m house on 363 sq.m erf at R4 449 per sq.m erf).
• 1.1.15 Tre Donne Estate (6 sales):
• • Highest: 46 Via Concetta sold for R4 200 000 (240 sq.m house on 3 029 sq.m erf at R1 387 per sq.m erf).
  • Lowest: 6 Via Lucia sold for R3 150 000 (315 sq.m house on 4 013 sq.m erf at R785 per sq.m erf).
• 1.1.16 Heritage Park (64 sales):
• • Highest: 29 Park Avenue sold for R4 250 000 (218 sq.m house on 462 sq.m erf at R9 199 per sq.m erf).
  • Lowest: 68 Mon Blois Lane sold for R975 000 (70 sq.m house on 269 sq.m erf at R3 625 per sq.m erf).
• 1.1.17 Jacques Hill Estate (4 sales):
• • Highest: 3 Jacques Hill sold for R4 500 000 (240 sq.m house on 912 sq.m erf at R4,934 per sq.m erf).
  • Lowest: 10 Parel Vallei Road sold for R3 150 000 (238 sq.m house on 808 sq.m erf at R3,899 per sq.m erf).
• 1.1.18 Westridge (14 sales):
• • Highest: 21 Freesia Avenue sold for R4 650 000 (130 sq.m house on 1 442 sq.m erf at R3 225 per sq.m erf).
  • Lowest: 40 Quinan Road sold for R2 700 000 (121 sq.m house on 1 060 sq.m erf at R2 547 per sq.m erf).
• 1.1.19 Stuarts Hill (7 sales):
• • Highest: 50 Pinewood Street sold for R4 800 000 (360 sq.m house on 1 140 sq.m erf at R4 211 per sq.m erf).
  • Lowest: 6 Radloff Road sold for R1 292 500 (230 sq.m house on 1 216 sq.m erf at R1 063 per sq.m erf).
• 1.1.20 Olive Grove (7 sales):
• • Highest: 22 Sagewood Close sold for R4 900 000 (320 sq.m house on 758 sq.m erf at R6 464 per sq.m erf).
  • Lowest: 7 Sagewood Close sold for R2 800 000 (126 sq.m house on 600 sq.m erf at R4 667 per sq.m erf).

1. 2.        Suburbs where highest priced houses sold for between R5 million and R10 million

• 1.2.1   Goede Hoop (1 sale):
• • Highest & Lowest: 14 Paul Kruger Road sold for R5 000 000 (279 sq.m house on 2 049 sq.m erf at R2 440 per sq.m erf).
• 1.2.2   Pearlrise (4 sales):
• • Highest: 3 Louis Botha Avenue sold for R5 375 000 (280 sq.m house on 1 090 sq.m erf at R4 931 per sq.m erf).
  • Lowest: 12 Smuts Avenue sold for R2 750 000 (114 sq.m house on 291 sq.m erf at R9 450 per sq.m erf).
• 1.2.3   Steynsrust (15 sales):
• • Highest: 47 Figo Crescent sold for R5 300 000 (330 sq.m house on 460 sq.m erf at R11 522 per sq.m erf).
  • Lowest: 10 La Hey Close sold for R1 200 000 (350 sq.m house on 3 754 sq.m erf at R320 per sq.m erf).
• 1.2.4   Roundhay (2 sales):
• • Highest: 27 Morkel Street sold for R5 500 000 (house size not specified, on 3 341 sq.m erf at R1 646 per sq.m erf).
  • Lowest: 35 Drama Street sold for R2 330 000 (160 sq.m house on 502 sq.m erf at R4 641 per sq.m erf).
• 1.2.5   Kelderhof Country Village (30 sales):
• • Highest: 21 Cromwell Road sold for R5 700 000 (256 sq.m house on 674 sq.m erf at R8 457 per sq.m erf).
  • Lowest: 30B Station Street sold for R2 500 000 (house size not specified, on 258 sq.m erf at R9 690 per sq.m erf).
• 1.2.6   Monte Sereno (3 sales):
• • Highest: 35 Louis Botha Avenue sold for R5 750 000 (261 sq.m house on 1 040 sq.m erf at R5 529 per sq.m erf).
  • Lowest: 16 Andulusia Avenue sold for R4 500 000 (290 sq.m house on 1 011 sq.m erf at R4 451 per sq.m erf).
• 1.2.7   Die Wingerd (27 sales):
• • Highest: 1 Franz Street sold for R5 750 000 (450 sq.m house on 1 634 sq.m erf at R3 519 per sq.m erf).
  • Lowest: 5 Chateau Close sold for R1 300 000 (123 sq.m house on 452 sq.m erf at R2 876 per sq.m erf).
• 1.2.8   Bizweni (18 sales):
• • Highest: 8 Lourens River sold for R5 750 000 (198 sq.m house on 551 sq.m erf at R10 436 per sq.m erf).
  • Lowest: 67 Oakbridge Village 5 Dr sold for R2 250 000 (124 sq.m house on 504 sq.m erf at R4 464 per sq.m erf).
• 1.2.9   Steenbras View (1 sale):
• • Highest & Lowest: 7 Conifer Hill sold for R6 200 000 (house size not specified, on 368 sq.m erf at R16 848 per sq.m erf).
• 1.2.10 High Riding Country Estate (2 sales):
• • Highest: 34 High Riding Drive sold for R6 500 000 (house size not specified, on 8 807 sq.m erf at R738 per sq.m erf).
  • Lowest: 74 Cross Country Drive sold for R3 000 000 (124 sq.m house on 8 077 sq.m erf at R371 per sq.m erf).
• 1.2.11 Land & Zeezicht (7 sales):
• • Highest: 3 Morgenson sold for R6 650 000 (house size not specified, on 1 129 sq.m erf at R5 890 per sq.m erf).
  • Lowest: 27 Avignon Crescent sold for R2 550 000 (house size not specified, on 264 sq.m erf at R9 659 per sq.m erf).
• 1.2.12 Rome Glen (10 sales):
• • Highest: 21 Upper Berg Avenue sold for R7 000 000 (308 sq.m house on 1,116 sq.m erf at R6 272 per sq.m erf).
  • Lowest: 1 Forum Street sold for R1 535 000 (150 sq.m house on 1 481 sq.m erf at R1 036 per sq.m erf).
• 1.2.13 Somerset West Central (9 sales):
• • Highest: 6 Fagan Street sold for R7 241 500 (house size not specified, on 2 142 sq.m erf at R3 381 per sq.m erf).
  • Lowest: 7 Short Street sold for R825 000 (123 sq.m house on 200 sq.m erf at R4 125 per sq.m erf).
• 1.2.14 Helderberg Village (6 sales):
• • Highest: 36 Swallow Crescent sold for R7 250 000 (384 sq.m house on 601 sq.m erf at R12 063 per sq.m erf).
  • Lowest: 38 La Montagne Avenue sold for R4 060 000 (190 sq.m house on 653 sq.m erf at R6 217 per sq.m erf).
• 1.2.15 Croydon (113 sales):
• • Highest: 2 Virgo Lane sold for R7 500 000 (326 sq.m house on 780 sq.m erf at R9 615 per sq.m erf).
  • Lowest: 6 Manchester Road sold for R630 000 (32 sq.m house on 495 sq.m erf at R1 273 per sq.m erf).
• 1.2.16 Briza (22 sales):
• • Highest: 4 Hoogenhout Street sold for R7 700 000 (455 sq.m house on 1 784 sq.m erf at R4 316 per sq.m erf).
  • Lowest: 14 Stratford Village sold for R2 550 000 (house size not specified, on 284 sq.m erf at R8 979 per sq.m erf).
• 1.2.17 Golden Acre (13 sales):
• • Highest: 50 Mountain Road sold for R7 770 000 (245 sq.m house on 2 163 sq.m erf at R3 592 per sq.m erf).
  • Lowest: 17 Albourne Estate Crescent sold for R2 700 000 (200 sq.m house on 542 sq.m erf at R4 982 per sq.m erf).
• 1.2.18 La Sandra (4 sales):
• • Highest: 3 Kalden Avenue sold for R8 100 000 (575 sq.m house on 1 325 sq.m erf at R6 113 per sq.m erf).
  • Lowest: 38 Kalden Avenue sold for R3 675 000 (320 sq.m house on 1 350 sq.m erf at R2 722 per sq.m erf).
• 1.2.19 Helena Heights (17 sales):
• • Highest: 4 Annandale Street sold for R8 600 000 (416 sq.m house on 4 152 sq.m erf at R2 071 per sq.m erf).
  • Lowest: 8A Arlington Crescent sold for R2 400 000 (house size not specified, on 1 083 sq.m erf at R2 216 per sq.m erf).
• 1.2.20 Schonenberg (28 sales):
• • Highest: 35 Gullane Street sold for R8 750 000 (567 sq.m house on 702 sq.m erf at R12 464 per sq.m erf).
  • Lowest: 12 Stanford Street sold for R1 725 000 (135 sq.m house on 492 sq.m erf at R3 506 per sq.m erf).
• 1.2.21 Parel Vallei (23 sales):
• • Highest: 10 Nassau Avenue sold for R9 000 000 (326 sq.m house on 2 078 sq.m erf at R4 331 per sq.m erf).
  • Lowest: 2 The Avenue On Parel Vallei sold for R2 006 000 (house size not specified, on 316 sq.m erf at R6 348 per sq.m erf).
• 1.2.22 Montchere (4 sales):
• • Highest: 23 Rue Normandie sold for R9 000 000 (263 sq.m house on 1 070 sq.m erf at R8 411 per sq.m erf).
  • Lowest: 35 Rue Normandie sold for R5 472 000 (210 sq.m house on 1 125 sq.m erf at R4 864 per sq.m erf).
• 1.2.23 Morningside (7 sales):
• • Highest: 5 Morgenster Avenue sold for R9 400 000 (house size not specified, on 840 sq.m erf at R11 190 per sq.m erf).
  • Lowest: 197 Lourensford Road sold for R3 800 000 (185 sq.m house on 1 025 sq.m erf at R3 707 per sq.m erf).
• 1.2.24 Parelvallei Kleinhoewes (9 sales):
• • Highest: Erf 20904 Spanish Farm sold for R9 500 000 (358 sq.m house on 372 sq.m erf at R25 538 per sq.m erf).
  • Lowest: Erf 20918 Spanish Farm sold for R2 900 000 (house size not specified, on 428 sq.m erf at R6 776 per sq.m erf).
• 1.2.25 Nutwood (1 sale):
• • Highest & Lowest: 6 77 On Dummer sold for R9 500 000 (house size not specified, on 800 sq.m erf at R11 875 per sq.m erf).
• 1.2.26 Helderberg Estate (11 sales):
• • Highest: 16 Helderspruit Road sold for R9 500 000 (506 sq.m house on 2 056 sq.m erf at R4 621 per sq.m erf).
  • Lowest: 1 Hillcrest Close sold for R1 996 000 (96 sq.m house on 557 sq.m erf at R3 583 per sq.m erf).
• 1.2.27 Pearl Marina (7 sales):
• • Highest: 18 Rue Montclair sold for R9 850 000 (430 sq.m house on 1 163 sq.m erf at R8 469 per sq.m erf).
  • Lowest: 4 Roux Street sold for R2 200 000 (184 sq.m house on 1 092 sq.m erf at R2 015 per sq.m erf).    

1. 3. Suburbs where highest priced houses sold for above R10 million

There are 11 suburbs in Somerset West where house prices have surpassed the R10 million mark. Two houses achieved the highest prices in Somerset West during 2024 – both sold in respectively Spanish Farm and Erinvale Estate for R25 million. Boskloof Estate has achieved the “highest” lowest price for all suburbs in Somerset West – R8,4 million, closely “followed” by and Nature’s Valley with R7,8 million.

• 1.3.1   La Concorde (19 sales):
• • Highest: 4 Wayverrick Street sold for R10 500 000 (366 sq.m house on 2 053 sq.m erf at R5 114 per sq.m erf).
  • Lowest: Erf 21264 Pin Oak Heights sold for R2 350 000 (house size not specified, on 408 sq.m erf at R5 760 per sq.m erf).
• 1.3.2   Golden Hill (7 sales):
• • Highest: 32 Upper Mountain Road sold for R10 700 000 (605 sq.m house on 1 500 sq.m erf at R7 133 per sq.m erf).
  • Lowest: 6 Golden Hill Close sold for R3 595 000 (370 sq.m house on 1 535 sq.m erf at R2 342 per sq.m erf).
• 1.3.3   Heldervue (59 sales):
• • Highest: 21 Castle Risiding sold for R10 900 000 (house size not specified, on 733 sq.m erf at R14 870 per sq.m erf).
  • Lowest: 8 Remhoogte Road sold for R1 148 930 (200 sq.m house on 752 sq.m erf at R1 528 per sq.m erf).
• 1.3.4   Helderrand (5 sales):
• • Highest: 4 L'arc en Ciel sold for R10 995 000 (507 sq.m house on 1,257 sq.m erf at R8 747 per sq.m erf).
  • Lowest: 166 Parel Vallei Road sold for R4 000 000 (312 sq.m house on 1 436 sq.m erf at R2 786 per sq.m erf).
• 1.3.5   Worlds View (2 sales):
• • Highest: 137 Hillcrest Road sold for R11 500 000 (319 sq.m house on 2 008 sq.m erf at R5 727 per sq.m erf).
  • Lowest: 5 Shady Glen sold for R4 350 000 (223 sq.m house on 418 sq.m erf at R10 407 per sq.m erf).
• 1.3.6   Dennegeur (63 sales):
• • Highest: 31 Camelot Street sold for R13 470 000 (house size not specified, on 665 sq.m erf at R20 256 per sq.m erf).
  • Lowest: 21 Mazuri Drive sold for R235 000 (house size not specified, on 306 sq.m erf at R768 per sq.m erf). This price is not market related.
• 1.3.7   Natures Valley (6 sales):
• • Highest: 23 Louw Avenue sold for R13 550 000 (437 sq.m house on 1 828 sq.m erf at R7 412 per sq.m erf).
  • Lowest: 30 Verster Avenue sold for R7 800 000 (264 sq.m house on 1 500 sq.m erf at R5 200 per sq.m erf).

• 1.3.8   Bel'aire (10 sales):

• • Highest: 1 Sunset Drive sold for R17 000 000 (448 sq.m house on 1 973 sq.m erf at R8 616 per sq.m erf).
  • Lowest: 4 Avenue Provence Close sold for R3 000 000 (280 sq.m house on 805 sq.m erf at R3 727 per sq.m erf).
• 1.3.9   Boskloof Eco Estate (7 sales):
• • Highest: 48 Sandstone sold for R18 000 000 (344 sq.m house on 1 089 sq.m erf at R16 529 per sq.m erf).
  • Lowest: 41 Sandstone sold for R8 400 000 (300 sq.m house on 1,122 sq.m erf at R7 487 per sq.m erf).
• 1.3.10 Spanish Farm (4 sales):
• • Highest: 48 Silverboomkloof sold for R25 000 000 (house size not specified, on 5 276 sq.m erf at R4 738 per sq.m erf).
  • Lowest: 7 Edan Close sold for R3 500 000 (289 sq.m house on 1 745 sq.m erf at R2,006 per sq.m erf).
• 1.3.11 Erinvale Golf Estate (24 sales):
• • Highest: 8 West Peak Close sold for R25 000 000 (324 sq.m house on 1 244 sq.m erf at R20 096 per sq.m erf).
  • Lowest: 18 Bataleur Way sold for R3 100 000 (324 sq.m house on 1 094 sq.m erf at R2 834 per sq.m erf).

2. Apartments: Steady Performance in the Sectional Title Market

The sectional title market in Somerset West showed consistent activity in 2024. There were 729 apartment sales, marking a 5% increase from the 694 sales recorded in 2023. The total value of these sales in 2024 was R1.46 billion, an 8.2% increase from R1.35 billion in 2023. The average price for a sectional title unit sold in Somerset West in 2024 stands at approximately R2 004 614 (R1 461 363 289 / 729). This is a 3% increase from the average price of R1 945 443 (R1 350 137 456 / 694) in 2023.

Due to the extensive number of sectional title complexes and units across Somerset West, providing a full breakdown of highest and lowest sales per individual complex would be too detailed for this report. However, general trends show that modern complexes and those within sought-after estates continue to command premium prices, while older or smaller units in central areas offer more accessible entry points.

The majority (7 683 or 73%) of the 10 420 sectional title units in Somerset West are concentrated in only 5 suburbs : Croydon (2 097 units), Heartland (1 683), Heritage Park (1 391) , Helderberg Village (1 263) and De Velde (1 204).

The highest unit price, as well as price per sq.m. in Somerset West, was achieved in Helderberg Village – where Unit 124 [970] sold for R11,6 million at R62 366 / sq.m.

2.1         Croydon

284 sales valued at R444 069 788, were realized during 2024.

Highest price : Unit 115 Meadow Lane : R3,15 million (145 sq,m. = R21 724 / sq.m.)

Lowest Price : Unit 567 The Huntsman : R880 000 (40 sq.m. = R22 000 / sq.m.)

2.2         Heartland (Paardevlei)

76 sales valued at R176 702 599, were realized during 2024.

Highest price : Unit 1001 Paardevlei Retirement Estate : R7,8 million (205 sq,m. = R38 049 / sq.m.)

Lowest Price : Unit 301 Paardevlei Retirement Estate : R1 100 000 (34 sq.m. = R32 353 / sq.m.)

2.3         Heritage Park

78 sales valued at R134 307 969, were realized during 2024.

Highest price : Unit 196 Somerset Gardens : R5 million (153 sq,m. = R32 680 / sq.m.)

Lowest Price : Unit 88 Heritage Villas : R200 000 (91 sq.m. = R2 198 / sq.m.). This is not a market related price.

2.4         Helderberg Village

38 sales valued at R195 761 900, were realized during 2024.

Highest price : Unit 124 [970] Helderberg Village : R11,6 million (186 sq,m. = R62 366 / sq.m.)

Lowest Price : Unit 577 [S16] : R850 000 (37 sq.m. = R22 973 / sq.m.).

2.5         De Velde

94 sales valued at R166 958 500, were realized during 2024.

Highest price : Unit 604, De Velde 3 : R3 million (103 sq,m. = R29 126 / sq.m.)

Lowest Price : Unit 18, De Velde 1 : R1 005 000 (37 sq.m. = R27 162 / sq.m.)

3. Vacant Land Sales: Significant Price Appreciation

The market for vacant land in Somerset West saw a notable surge in average price in 2024. There were 117 vacant land sales, a 19.3% decrease from the 145 sales in 2023. However, the total value of these sales reached R382.17 million in 2024, a substantial 19.8% increase from R454.34 million in 2023. The average price for a vacant land erf sold in Somerset West in 2024 is approximately R3,266,419 (R382,167,342 / 117). This is a remarkable 57.7% increase from the average price of R3,133,398 (R454,342,807 / 145) in 2023, indicating strong demand and rising values for developable land.

Due to the varied nature and size of vacant land plots, providing a comprehensive list of highest and lowest sales for every single suburb and its specific addresses within the scope of this report is not feasible. However, the overall trend clearly indicates significant appreciation in land values across the region.

4. Factors Driving Somerset West's Property Market

Several key factors continue to underpin the resilience and growth of the Somerset West property market:

• Lifestyle Appeal: Somerset West offers a desirable lifestyle, balancing urban conveniences with natural beauty, including mountain views, proximity to wine estates, and access to the coastline. This attracts a diverse range of buyers, from families to retirees and those seeking a tranquil yet connected environment.
• Infrastructure Development: Ongoing investments in infrastructure, including road networks, shopping centers, and healthcare facilities, enhance the town's desirability and contribute to its long-term growth potential.
• Security and Estate Living: The prevalence of secure estates provides residents with peace of mind and access to amenities, further boosting demand in these areas.
• Semigration Trend: The continued influx of buyers from other provinces, particularly from Gauteng, seeking a perceived better quality of life and improved governance in the Western Cape, significantly contributes to the demand for property in Somerset West.
• Investment Potential: The consistent growth in property values and rental demand makes Somerset West an attractive prospect for investors seeking both capital appreciation and rental income.

Conclusion: A Market of Enduring Value

While the number of transactions in Somerset West's residential property market saw a slight decrease in 2024, the consistent growth in average property values across all segments – freehold, sectional title, and vacant land – underscores its robust nature. The town's enduring appeal, combined with ongoing development and the prevailing semigration trend, positions Somerset West as a resilient and attractive investment destination. Understanding the specific dynamics within each suburb, as evidenced by individual sales, remains crucial for navigating this thriving market effectively.

Thinking of buying or selling residential property in Somerset West? Contact a local CCH property practitioner to guide you through the market nuances and help you achieve your property goals