Mitchells Plain Property Market Report: Market Experiences Downturn in Residential Sales Activity

Mitchells Plain, a large and established residential area within the City of Cape Town Metropolitan Municipality, plays a crucial role in providing housing options in the Cape Flats, on or close to the False Bay Coast, and located between Muizenberg and Khayelitsha.

As of 2024, the residential property market in Mitchells Plain is estimated to comprise approximately 61 594 properties, consisting of 60 101 own title houses, a very small component of 4 sectional title units, and 1 489 vacant land erven.

The Mitchells Plain residential property market has experienced a notable downturn in activity when comparing 2023 and 2024 data. While it remains a significant and active market, various indicators point towards a contraction in both sales volume and overall market value during this period.

Overall, the Mitchells Plain residential property market saw according to CMAinfo a decrease in total sales (registrations) from 1 202 in 2023 to 1 101 in 2024, representing an 8,4% decline in sales volume. Concurrently, the total Rand value of these transactions decreased from R951 855 968 in 2023 to R866 014 837 in 2024. This translates to a significant 9% drop in the total market Rand value.

On a monthly basis, Mitchells Plain recorded an average of approximately 100 property sales (valued at R79,32 million) in 2023, which shifted to around 92 properties (valued at R72,17 million) per month in 2024.

1. Market Segment Analysis: 2023 vs 2024

1.1 Own Title Market (Houses):

The own title market, which constitutes most of the housing stock in Mitchells Plain, experienced a decrease in both sales volume and total transaction value.

• In 2023, 1 161 houses were sold for a total value of R903 772 562.
• In 2024, 1 083 houses were sold for a total value of R834 158 068. This marks a 6,7% decrease in the number of sales and a 7,7% decrease in total Rand value for this segment.

The average price per house (own title property) in Mitchells Plain saw a slight decrease of 1,1%, from R778 443 in 2023 to R770 229 in 2024.

Notable Own Title Sales:

• 2024 Highest Sale: R2 375 000 for the property at 7 Anchor Close, Strandfontein (Erf size: 720 m²).
• 2024 Lowest Sale: R18 400 for the property at 1 Stork Road, Weltevreden Valley North (Erf size: 153 m²).

1.2 Sectional Title (Apartments):

The sectional title market in Mitchells Plain is exceptionally small and saw a complete halt in registered sales in 2024.

• In 2023, 1 unit at 19 Palermo Crescent (110 sq.m) sold for R550 000.
• In 2024, there were no recorded sectional title sales.

1.3 Vacant Land (Plots):

The vacant land market in Mitchells Plain, though smaller than the own title market, saw a significant decrease in sales volume but a notable increase in the average price per plot.

• In 2023, 40 vacant land plots were registered for a total value of R47 533 406.
• In 2024, 18 vacant land plots were registered for a total value of R31 856 769. This indicates a 55% decrease in the number of sales and a 33% decrease in total Rand value.

Despite the sharp drop in sales and overall value, the average price per plot in Mitchells Plain increased substantially by 48,9%, from R1 188 335 in 2023 to R1 769 821 in 2024.

Notable Vacant Land Sales:

• 2024 Highest Sale: R10 691 619 for Erf at 17 Purdey Road, Highland Estate (Erf size: 6 737 m²).
• 2024 Lowest Sale: R380 000 for Erf at 1 Reygersdal Avenue, Strandfontein (Erf size: 344 m²).

2. Sales per Mitchells Plain Suburb (2024)

According to the provided 2024 data, here's an overview of the property market within specific Mitchells Plain suburbs, ordered by the average sales price achieved in each suburb for Own Title and Vacant Land.

2.1 Own Title - Houses:

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

• Highlands Estate (216 residential erven): Recorded 4 house sales totalling R5 550 000, resulting in an average house price of R1 387 500 per sale. The highest priced home sold for R1 700 000 at 3 Olieboom Road (Erf size: 564 m²).
• Strandfontein (6 119 residential erven): With 159 house sales amounting to R187 518 701, Strandfontein achieved an average price of R1 179 363. The highest priced home sold for R2 375 000 at 7 Anchor Close (Erf size: 720 m²).
• Colorado Park (1 277 residential erven): Experienced 24 house sales totalling R27 819 000, leading to an average price of R1 159 125. The highest price achieved was R1 800 000 for 6 Louis Crescent (Erf size: 350 m²).
• Wildwood (114 residential erven): Registered 2 house sales with a combined value of R2 309 000, averaging R1 154 500 per sale. The top sale was R1 234 000 for 18 Mample Way (Erf size: 470 m²).
• Westgate (648 residential erven): Saw 21 house sales totalling R23 520 000, resulting in an average price of R1 120 000. The highest priced home sold for R1 700 000 at 102 Broadway Circle (Erf size: 537 m²).
• Mandalay (2 202 residential erven): Recorded 42 house sales totalling R45 303 000, achieving an average price of R1 078 643. The highest priced home sold for R1 760 000 at 42 Debussy Crescent (Erf size: 738 m²).
• Portland (4 750 residential erven): Experienced 92 house sales with a total value of R84 769 210, leading to an average house price of R921 404. The highest price achieved was R1 350 000 for 86 Welkom Street (Erf size: 375 m²).
• Weltevreden Valley (172 residential erven): Registered 9 house sales totalling R8 137 990, achieving an average price of R904 221. The top sale was R1 200 000 for 1 Welten Close (Erf size: 261 m²).
• Westridge (3 956 residential erven): Saw 88 house sales with a combined value of R77 030 065, averaging R875 342 per sale. The highest priced home sold for R1 316 000 at 106 Dagbreek Avenue (Erf size: 337 m²).
• Woodlands (3 148 residential erven): Recorded 74 house sales totalling R57 061 617, resulting in an average price of R771 103. The highest priced home sold for R1 500 000 at 20 Woodbury Crescent (Erf size: 301 m²).
• New Woodlands (1 772 residential erven): Experienced 35 house sales with a total value of R25 733 900, leading to an average price of R735 254. The highest price achieved was R1 100 000 for 70 Johannes Meintjies Road (Erf size: 236 m²).
• Rocklands (5 547 residential erven): Registered 87 house sales totalling R61 538 054, achieving an average price of R707 334. The highest priced home sold for R1 160 000 at 20 Sheigh Hassan Road (Erf size: 251 m²).
• Lentegeur (6 749 residential erven): Saw 131 house sales with a combined value of R81 203 664, averaging R619 875 per sale. The top sale was R1 150 000 for 25 Statice Close (Erf size: 216 m²).
• Beacon Valley (4 484 residential erven): Recorded 62 house sales totalling R36 684 499, resulting in an average price of R591 685. The highest priced home sold for R995 000 at 6 Esther Crescent (Erf size: 242 m²).
• Eastridge (4 349 residential erven): Experienced 92 house sales with a total value of R46 195 478, leading to an average price of R502 125. The highest price achieved was R898 000 for 11 Krokodil Close (Erf size: 246 m²).
• Tafelsig (8 970 residential erven): Registered 123 house sales totalling R54 244 762, achieving an average house price of R441 014. The highest priced house sold for R870 000 at 3 Ural Crescent (Erf size: 220 m²).
• Weltevreden Valley North (5 061 residential erven): Saw 34 house sales with a combined value of R8 618 128, averaging R253 474 per sale. The top sale was R710 000 for 28 Highfield Road (Erf size: 336 m²).
• Heinz Park (567 residential erven): Recorded 4 house sales totalling R921 000, resulting in an average price of R230 250. The highest priced home sold for R261 000 at 17 Ntabazokhahlamba Road (Erf size: 162 m²).

2.2 Sectional Title – Apartments:

There were no recorded sectional title sales in any Mitchells Plain suburbs for 2024.

2.3 Vacant Land:

The vacant land market in Mitchells Plain saw sales in a few suburbs in 2024. Here's a breakdown by average sales price, ranked from highest to lowest, for suburbs with recorded sales:

• Rocklands (192 vacant land erven): Recorded 1 vacant land sale for R2 599 000. The plot was 2 The Cedars Avenue (Erf size: 1,347 m²).
• Highland Estate (171 vacant land erven): Experienced 9 vacant land sales totalling R21 254 119, achieving an average price of R2 361 569 per plot. The most expensive plot fetched R10 691 619 at 17 Purdey Road (Erf size: 6 737 m²).
• Portland (150 vacant land erven): Registered 1 vacant land sale for R1 280 000, which is also its average price. The plot was 51 Welkom Street (Erf size: 363 m²).
• Strandfontein (118 vacant land erven): Saw 3 vacant land sales totalling R3 603 750, resulting in an average price of R1 201 250. The highest priced plot sold for R1 700 000 at 17 Seafarer Drive (Erf size: 302 m²).
• Lentegeur (120 vacant land erven): Recorded 2 vacant land sales with a combined value of R1 669 900, averaging R834 950 per sale. The top sale was R890 000 for 53 Mockingbird Road (Erf size: 152 m²).
• Mandalay (62 vacant land erven): Experienced 2 vacant land sales totalling R1 450 000, achieving an average price of R725 000. The highest priced plot sold for R900 000 at 83 Park Road (Erf size: 889 m²).

Suburbs such as Beacon Valley, Colorado Park, Eastridge, Heinz Park, New Woodlands, Tafelsig, Weltevreden Valley, Weltevreden Valley North, Westgate, Westridge, Wildwood, and Woodlands recorded no vacant land sales in the provided 2024 data.

Conclusion

The Mitchells Plain residential property market experienced a clear slowdown in 2024 compared to 2023, with noticeable declines in overall sales volume and total market value. The dominant own title housing segment saw fewer sales and a slight dip in average prices. The already minimal sectional title market recorded no activity in 2024. Conversely, while the vacant land segment also saw a significant drop in the number of transactions, the average price for plots that did sell increased substantially, indicating potential demand for scarce development opportunities or a shift towards higher-value plots being transacted.

Despite the downturn in overall activity, Mitchells Plain continues to be a substantial market. The varied performance across its numerous suburbs highlights localized dynamics. The area's affordability remains a key factor, and it will continue to play an essential role in Cape Town's broader housing landscape.