Eersterivier Residential Property Market - 2024/5 Property Sales Report
- Introduction
The Eersterivier property market continues to be an attractive option for buyers seeking more affordable housing in Cape Town's Northern Suburbs. The area is closely linked to the Kuils River, Macassar, and Blue Downs property markets, offering a diverse range of own-title (freestanding) and sectional-title properties.
The Eerste River property market generally maintains its appeal for first-time homebuyers and younger families. This is driven by its median prices, which are significantly more accessible compared to neighbouring areas like Kuilsrivier or Brackenfell.
The Eersterivier area comprises a substantial number of properties, with 14 423 freehold properties and 1 025 sectional title units. This report provides a detailed breakdown of sales data from 2024, focusing on own-title, sectional-title, and vacant land transactions.
- Property Sales Analysis
The Eersterivier residential property market showed a total sales value of over R559 million in 2024, with 646 properties sold across all categories. The average sale price for an own-title property was R871 210, a median price of R774 235. The sectional-title market had a total sales value of R77 667 400 with 92 sales, and the vacant land market saw 63 sales totalling R6 929 000.
Property Type | Total Sales | Total Value | Average Price |
Own Title | 554 | R482 650 523 | R871 210 |
Sectional Title | 92 | R 77 667 400 | R844 210 |
Vacant Land | 63 | R 6 929 000 | R110 000 |
2.1 Own-Title Property Sales
The own-title market remains the most active segment, with 554 properties sold. Most of these sales were concentrated in suburbs offering more accessible price points, reflecting the healthy demand for homes under the R1 million mark.
The suburbs with the highest sales volumes for own-title properties in 2024 were:
- Aan De Wijnlanden: 138 sales at an average price of R1 476 044.
- Forest Village: 152 sales at an average price of R308 962.
- Eersterivier (including Clairewood & Gill Cape): 79 sales at an average price of R774 235.
- Kleinvlei: 29 sales at an average price of R554 933.
- Rosedale - Kleinvlei (Perm Gardens): 35 sales at an average price of R762 948.
- Electric City: 30 sales at an average price of R788 933.
2.2 Sectional-Title Sales
The sectional-title market saw 92 units sold in 2024. The sales were heavily concentrated in the Stratford Green and Aan De Wijnlanden suburbs, which recorded the highest number of transactions and highest average prices.
- Stratford Green: 40 sales at an average price of R892 135.
- Aan De Wijnlanden: 34 sales at an average price of R835 971.
- Heather Park: 15 sales at an average price of R690 000.
- Eersterivier: 2 sales at an average price of R1 272 000.
- Houghton Place: 1 sale at R665 000.
2.3 Vacant Land Sales
A total of 63 vacant land plots were sold in Eersterivier in 2024. The highest number of sales occurred in Electric City (21 sales) and the Eersterivier main area (33 sales), with the average prices for these areas being R343 929 and R473 364, respectively.
- Eersterivier Suburbs - 2024 Pricing Overview
This overview categorizes Eersterivier's suburbs based on the average own-title property sales price in 2024.
3.1 Between R2 000 000 and R4 000 000
- Penhill: 5 sales at an average price of R2 330 000. The highest sale was R4 200 000, and the lowest was R950 000.
- Aan De Wijnlanden: 138 sales at an average price of R1 476 044. The highest sale was R3 720 000, and the lowest was R100 (not at all market related).
3.2 Between R1,000,000 and R2,000,000
- Russel's Rest: 3 sales at an average price of R1 326 667.
- Devon Park: 7 sales at an average price of R1 085 571.
- Forest Glade: 10 sales at an average price of R1 025 500.
- Stratford Green: 11 sales at an average price of R1 055 818.
3.3 Between R500,000 and R1,000,000
- Beverley Park: 6 sales at an average price of R883 333.
- Houghton Place: 9 sales at an average price of R883 000.
- Heather Park: 14 sales at an average price of R877 071.
- The Wines: 7 sales at an average price of R867 143.
- Sillwood Heights: 15 sales at an average price of R858 467.
- High Places: 3 sales at an average price of R806 667.
- Electric City: 30 sales at an average price of R788 933.
- Eersterivier: 79 sales at an average price of R774 235.
- Rosedale - Kleinvlei (Perm Gardens): 35 sales at an average price of R762 948.
- Station Township: 1 sale for R600 000.
- Kleinvlei: 29 sales at an average price of R554 933.
3.4 Between R0 and R500,000
- Forest Village: 152 sales at an average price of R308 962.
- Eersterivier Property Sales: First Semester 2025
The first six months of 2025 have shown continued activity in the Eersterivier property market, with a total of 103 residential property sales. The average price for own-title homes remains a key driver for first-time buyers and families, while sectional-title units are also attracting a steady stream of interest.
Here is a detailed breakdown of residential property sales from January to June 2025, per suburb:
4.1 Own Title Sales (January - June 2025)
Suburb | Total Sales | Average Price | Highest Sale Price | Lowest Sale Price |
Aan De Wijnlanden | 40 | R2 077 900 | R3 450 000 | R 900 000 |
Eersterivier (Clairewood & Gill Cape) | 23 | R 695 739 | R1 200 000 | R 110 000 |
Forest Village | 37 | R 377 622 | R1 350 000 | R 170 000 |
Rosedale - Kleinvlei (Perm Gardens) | 15 | R 835 350 | R1 700 000 | R 17 250 |
Electric City | 16 | R 632 813 | R1 350 000 | R 200 000 |
Kleinvlei | 8 | R 538 750 | R 930 000 | R 240 000 |
Sillwood Heights | 4 | R 915 000 | R1 070 000 | R 790 000 |
Houghton Place | 4 | R 844 750 | R 950 000 | R 650 000 |
Stratford Green | 4 | R1 173 750 | R1 450 000 | R 850 000 |
Beverley Park | 6 | R 798 000 | R1 020 000 | R 600 000 |
Penhill | 1 | R3 000 000 | R3 000 000 | R3 000 000 |
Forest Glade | 3 | R 806 000 | R1 300 000 | R 350 000 |
Heather Park | 2 | R1 160 000 | R1 350 000 | R 970 000 |
Russel's Rest | 2 | R 775 000 | R1 150 000 | R 400 000 |
Station Township | 1 | R 800 000 | R 800 000 | R 800 000 |
4.2 Sectional Title Sales (January - June 2025)
Suburb | Total Sales | Average Price | Highest Sale Price | Lowest Sale Price |
Heather Park | 14 | R 692 000 | R 700 000 | R 676 000 |
Aan De Wijnlanden | 10 | R 852 450 | R 900 000 | R 799 500 |
Stratford Green | 2 | R 874 950 | R 949 900 | R 799 999 |
Eersterivier (Clairewood & Gill Cape) | 1 | R1 249 000 | R1 249 000 | R1 249 000 |
4.3 Vacant Land Sales (January - June 2025)
Suburb | Total Sales | Average Price | Highest Sale Price | Lowest Sale Price |
Stratford Green | 6 | R 603 333 | R 850 000 | R 370 000 |
Aan De Wijnlanden | 1 | R3 150 000 | R3 150 000 | R3 150 000 |
Electric City | 6 | R 265 833 | R 360 000 | R 200 000 |
Eersterivier | 1 | R 419 000 | R 419 000 | R 419 000 |
Station Township | 1 | R1 500 000 | R1 500 000 | R1 500 000 |
If you are looking to buy or sell a property in Eerste River, please contact one of our local residential estate agents to assist you.
Author Sources - CMAinfo / Benhard Wiese