MAY /JUNE 2025
THE GREYTON POST
17
Greyton Village Property Market: What the Numbers Say
O ver the past two years, Greyton’s sales reveals interesting trends in pricing, especially when we group properties by size. We looked at more than a hundred local property sales and sorted them into five categories: small (under 750m²), compact residential (750–1,500m²), mid-size residential (1,500–3,000m²), large residential (3,000– 10,000m²), and farms (over 10,000m²). This helped us understand price changes across the wide range of property sizes in our village. Small Homes, Big Demand property market has quietly shifted. A detailed analysis of 2023 and 2024 Smaller plots and cottages (under 750m²) are in high demand. The price per square meter rose from R7,383 in 2023 to R7,758 in 2024. These homes appeal to buyers wanting manageable spaces—ideal for retirees, singles, or young families entering the market. A total of 11 small properties were sold in 2023 and 10 in 2024. Compact Residential Category Compact residential properties (750– 1,500m²) remained the most active market, with 16 sales in 2023 and 19 in 2024. Prices dipped slightly from R3,139/m² to R3,005/m² but remain strong. These properties strike a balance between size and affordability. Steady Middle Ground
For buyers, the message is act soon, especially if you’re shopping for a compact or mid-size home. For sellers, particularly in the small and large residential categories, the market is on your side. Overall, total house sales were similar across the years: 53 in 2023 and 59 in 2024, suggesting a stable and active local market. We’ll continue to watch how the village evolves. As always, your comments and local insights are welcome!
Mid-size homes between 1,500m² and 3,000m² have shown consistent pricing over both years, holding at around R2,117 per square metre. This suggests stability and makes them a solid option for buyers looking for space without the scale of a smallholding. Sales volume was steady, with 14 sold in 2023 and 15 in 2024. Big Plots, Rising Prices Larger residential plots and lifestyle properties (3,000–10,000m²) saw a jump in value. Prices per square metre rose nearly 50%, from R472 to R692. This may reflect a growing interest in country
living and the desire for more outdoor space. Sales increased slightly from 11 to 13 year on year. Farms: From Fringe to Focus Though few, farm sales saw a dramatic price jump. In 2023, they sold for around R24/m². In 2024, that shot up to R186/m². While only 1 farm was sold in 2023 and 2 in 2024, it may hint at increased interest in rural or agricultural land. What Might 2025 Bring? If the current patterns continue, we expect strong demand in the
Graph: Bar chart showing median price per square metre for 2023 and 2024 across property size categories. Data sourced from local sales records from Lightstone property data in association with the Deeds Office.
smaller and mid-size residential categories. Large plots and farms could grow further if lifestyle buyers keep showing interest.
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