No properties were sold in the open market in Wittedrift in 2010 or 2011 according to current deeds office records. It is a small market where there are usually only a few houses for sale, but it is a surprise that there have been no sales over two years.
Five properties transferred in Wittedrift in 2009, for an average selling price of R840, 000. That was a decrease of approximately 11% from the peak of the market in 2007.
The highest price to date is R1, 64 million for a house in Hoof Road in 2008. The highest sale in 2009 was R1, 3 million for a home in Heuwel Street. Only six properties have sold for over R1m, the first of which occurred in 2006. This is roughly a quarter of the properties sold. In other words, only the bigger, better quality homes will sell for over R1m.
There are currently at least 3 properties for sale in Wittedrift. Asking prices start from R850, 000 for a 3 bedroom home.
Wittedrift appears to be following national trends in terms of growth and decline. Wittedrift has historically been a more affordable “satellite suburb” of Plettenberg Bay.