Author Archives: Turks & Caicos Sotheby's International Realty

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About Turks & Caicos Sotheby's International Realty

Offering the very best Turks & Caicos real estate, Turks & Caicos Sotheby’s International Realty is the leading luxury real estate brokerage firm in the Turks & Caicos Islands. We provide an unprecedented level of product and market expertise in all facets of Turks & Caicos real estate properties, including condominium development, homes, villas and land. Turks & Caicos Sotheby’s International Realty is the result of a merger with Connolly Zahm Properties, which featured the CZP Collection – the finest collection of luxury condominiums – and Turks & Caicos Realty, which began operations at the beginning of 1990 and was a leader in luxury real estate properties, home and villa real estate sales, as well as, the most recent merger with Tropical Paradise Realty which brought seven more experienced real estate agents to our office strengthening our market position and our brand. TCSIR with its extensive experience, can optimally assist you in achieving your Turks & Caicos real estate ownership and Turks & Caicos real estate investment goals.

Turks & Caicos Sotheby’s International Launches State of the Art Website

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FOR IMMEDIATE RELEASE

Providenciales, Turks & Caicos BWI (September 27, 2012) – Turks & Caicos Sotheby’s International Realty, the area’s leading luxury real estate firm, launched its new web site www.turksandcaicossir.com, which is integrated with the acclaimed Sotheby’s International Realty site (www.SIR.com). This means that most enhancements made and new features added to www.SIR.com will also be available on www.turksandcaicossir.com. This “cascading platform” technology allows Turks & Caicos Sotheby’s International Realty clients and website visitors premiere access to cutting-edge real estate tools on a global scale. Adding to the buzz is the recently launched iPad application that gives iPad users a tablet-optimized experience when searching and viewing properties.

States Broker Joe Zahm, “When I first saw the presentation for the new cascading web platform, I was enormously impressed and felt that it was way ahead of the rest of the industry, so I liaised with Denise Douglas, our Marketing Manager, to plan the new site. Denise, with the recent success of our signature magazine, The Finest Collection, managed and coordinated the content (in concert with the developer, Gabriel Solutions), to complete the site to a very high standard. Its aesthetic, functionality and imbedded SEO are outstanding, and we are thrilled with the end result”.

Adds Wendy Purvey, chief marketing officer, Sotheby’s International Realty Affiliates LLC: “The Sotheby’s International Realty brand has redefined the way consumers search for real estate.  Our home page notably displays a rotation of some of our network’s most striking homes.  When users mouse over the image, interactive boxes with additional information about the property appear. In the case of Turks and Caicos Sotheby’s International Realty, we have already showcased three of their listings on our global www.sir.com home page, which is a testament to the quality of their listings and photography, and how they look to give their upscale listings every possible advantage. Incidentally, all three of these listings sold this past year!”  Purvey continues: “Each listing features a video “slide show” that allows viewers to listen to a narration in their preferred language.  Also, the property list price is displayed in dozens of currencies, all updated daily with the latest exchange rates”.

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About Turks & Caicos Sotheby’ International Realty

Turks & Caicos Sotheby’s International Realty is the leading luxury real estate firm in Turks and Caicos and enjoys a commensurate market share position. A major force in the concept, design, launch and completion of many prestigious resorts and villas, our international team of local experts, combined with the iconic Sotheby’s International Realty brand and its vast marketing and referral network, including the venerable Sotheby’s auction house, provides a unique and powerful advantage to buyers, sellers, developers and investors. TCSIR benefits locally from an educated diverse team of agents and well located sales centers, highlighted by the Signature Venture House office on Grace Bay Road, along with an office at the acclaimed Grace Bay Club, and distribution at Seven Stars Resort.

CONTACT:  Denise Douglas – 649.946.4474 – denise@tcsothebysrealty.com

Turks & Caicos Sotheby’s International Realty – Top Producing Agents – Sept. 2011 to 2012

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According to the Turks & Caicos Real Estate Association “Top Producer Agent Report”, Turks & Caicos Sotheby’s International Realty boasts 6 of the top 10 producing sales agents in the Turks & Caicos Islands.

States President Joe Zahm:   “We are fortunate to have a terrific, international team of sales agents who truly are local experts with worldwide reach, through our Sotheby’s International Realty network.  We continue to be the market leader with a 40% market share in sold listings, and 60% in the luxury market (over $1.5M), with more than a few Significant Sales. This Top Producer report demonstrates the level of commitment by our sales agents to deliver quality service and results to our clients.”

Going Above and Beyond

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Going Above & Beyond
Our President, Joe Zahm, scoping out real estate via helicopter for prospective clients.

TURKS & CAICOS SOTHEBY’S INTERNATIONAL REALTY PARTICPATES IN LUXURY REAL ESTATE CONFERENCE

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PROVIDENCIALES, Turks & Caicos (Sept. 13, 2012) – Turks & Caicos Sotheby’s International Realty, a luxury real estate firm based in Providenciales, Turks & Caicos, recently participated in the 2012 Sotheby’s International Realty® Leadership Forum, which brought together more than 220 network members worldwide.

This dynamic, three-day event, which was held Sept. 10 to 12 at The InterContinental Chicago Magnificent Mile in Chicago, provided a unique opportunity for Sotheby’s International Realty brokers, owners and managers to network and share best practices. 

“The annual Leadership Forum provides fantastic value to our firm,” said Joe Zahm, President/Broker, Turks & Caicos Sotheby’s International Realty. “It offered the opportunity to network with some of Sotheby’s International Realty’s most talented real estate professionals, gain insight on how to continue to grow our company and learn more about the industry and the Sotheby’s International Realty brand’s vision for the future.  Further, it provides us with global perspective, power and resources, and we continue to increase our referral business as our international network learns more about Turks & Caicos.”

Turks & Caicos Sotheby’s International Realty, which has offices in Providenciales, offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.

As a Sotheby’s International Realty affiliate, the firm also has the unique ability to refer its real estate clientele to the auction house for jewelry, art, unique furniture and collectible appraisal services. Property listings from Turks & Caicos Sotheby’s International Realty also are marketed on the sothebysrealty.com global website, as well as on the firm’s local website, turksandcaicossir.com.

“The Leadership Forum brings together our network members from all over the world with the common goal of sharing their own unique experiences,” said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. “This year’s conference provided attendees with an overview of the exciting results of the brand’s exclusive global marketing relationships, highlighted the power of the network as evidenced by its strong referral system and offered presentations from owners and operators worldwide on how to create stronger company cultures with the ultimate goal of building organizations with the highest level of quality service available.  The event also provided insights from some of our most successful owners into recruiting strategies, growing through mergers and acquisitions and leveraging the unique relationship with the Sotheby’s Auction House.”

Turks & Caicos Sotheby’s International Realty is located at Venture House in Grace Bay, Providenciales.  For additional information, please contact 649.946.4474. The Sotheby’s International Realty network currently has more than 12,000 sales associates located in approximately 625 offices in 44 countries and territories worldwide. 

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CONTACT:

Denise Douglas

t 649.946.4474

e denise@tcsothebysrealty.com

Turks & Caicos Real Estate Market Report – 2nd Quarter 2012

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“The second quarter of 2012 continues to build off the momentum of 2011 and the first quarter of 2012, with all trends continuing upward.  In addition to this encouraging market news, institutional and private equity is finding its way back to TCI, and we anticipate good news later in the year with regard to a few projects that were put on hold post 2008”. States Joe Zahm, President / Broker, Turks & Caicos Sotheby’s International Realty.  Click on link to read more.

Link to Market Report

Joe Zahm, President, Turks & Caicos Sotheby’s International Realty

joe@tcsothebysrealty.com  p 649.946.4474  c 649.231.6188

Turks & Caicos Real Estate Market Report – 1st Quarter 2012

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TURKS & CAICOS REAL ESTATE MARKET REPORT 1st QUARTER 2012

In the first quarter of 2012, Turks & Caicos Sotheby’s International Realty enjoyed a sizeable market share, in a rapidly expanding market, with dominant share in the Condominium and Home/Villa sectors. Our overall average price is 63% higher than the jurisdiction average for the quarter, a testament to our luxury positioning and brand. We also procured another Significant Sale with the sale of the Estate at Grace Bay Club Penthouse, $7.1M.  As the market rises and the high end solidifies, TCSIR is uniquely positioned and qualified to help buyers and sellers achieve their real estate goals with our combination of local expertise and international marketing and brand power.

Joe Zahm, President, Turks & Caicos Sotheby’s International Realty

Link to Market Report

Turks & Caicos Sotheby’s International Realty Announces Top Network Sale

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FOR IMMEDIATE RELEASE

 Turks & Caicos Sotheby’s International Realty Announces Top Network Sale

Providenciales, Turks & Caicos (Apr 25, 2012) – Turks & Caicos Sotheby’s International Realty today announced it was recognized by the Sotheby’s International Realty® brand for having one of the top sales in its network for the month of January 2012.

 The firm earned the recognition for the sale of The Estate Penthouse in Providenciales, Turks & Caicos for $7,100,000, and was included in the brand’s monthly Significant Sales brochure featuring several of the top sales in its network.

On the sixth level this one-of-a-kind single floor Penthouse, measuring over 6,800 sq ft and boasting 125 feet of ocean frontage provides exclusivity and privacy at the highest level. Stunning ocean views, impeccable details, bespoke designer furnishings and grand entertaining spaces with the feel of intimate living. The incredible view is the pièce de résistance in this height of luxury. This Penthouse includes 4 oceanfront bedrooms, 4 1/2 bathrooms, ocean front office and media room. Through its affiliation with Grace Bay Club, The Estate enjoys 1,050 of ocean frontage and use of all the amenities offered at Grace Bay Club Resort. The Estate owners enjoy a private oceanfront pool featuring multiple levels, Jacuzzi tub, and a 25 meter lap pool. The Poolside Cabanas allow for private in-cabana Spa treatments or private dining. 

Listing Agent:  Joe Zahm   Selling Agent:  Nina Siegenthaler

“Significant Sales provide a halo effect over the entire real estate industry.  Purchasers, vendors, brokers and agents, and a broader base in the tourism, development and financial sectors gain confidence in markets where significant properties sell, and are publicized.  This adds energy and value to the marketplace, and provides momentum for growth.  So when people ask what the biggest difference is between this year and the past two, I tell them it is the re-emergence of the luxury market, for all the aforementioned reasons.”  Joe Zahm, President of Turks & Caicos Sotheby’s International Realty.

Turks & Caicos Sotheby’s International Realty is the leading luxury brokerage in the Turks & Caicos Islands and enjoys a commensurate market share position. TCSIR is the acknowledged leader in the luxury condominium industry and luxury real estate market, and has been a major force in the concept, design, launch and completion of many prestigious resorts on Grace Bay. Our international team of local experts, combined with the iconic brand of Sotheby’s International Realty and its vast international marketing and referral network provides a unique and powerful advantage to buyers, sellers and investors in Turks & Caicos Real Estate.

 Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales

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CONTACT

 NAME:  Denise Douglas

TITLE:  Office & Marketing Manager

PHONE:  649.946.4474

E-MAIL:  denise@tcsothebysrealty.com

Turks & Caicos Sotheby’s International Realty Launches Finest Collection

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On March 12, Turks & Caicos Sotheby’s International Realty held a party to celebrate the launch of its new magazine, The Finest Collection. Broker / President, Joe Zahm, spoke to the group of TCI residents and business partners about the resurgent real estate market, which is up 80% year on year in sales volume, and of TCSIR’s recent market gains as its LOCAL EXPERTS WORLDWIDE campaign gains traction. Zahm highlighted the private sector leadership on Providenciales, a thriving tourist industry,  the quality of real estate product, his diverse and talented team, and the company’s long – term commitment to the Turks & Caicos Islands.

View The Finest Collection

Turks and Caicos Beachfront Villa for Sale

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Luxury Beachfront Villa for Sale – Substantial Price Reduction in Effect

Located on one of the most sought-after residential beaches on Providenciales, Haven House is an impeccably appointed beach front home situated on an extra-wide 220’ of beach frontage and 2 acres on Long Bay’s most pristine and private stretch of beach. The property on a ridge overlooking the beach and shallow turquoise waters beyond. Just ten minutes from the heart of Grace Bay, this home is a retreat in a private and exclusive area of Long Bay. Newly constructed and featuring all the modern amenities, the main house spans 3 levels (and 7,000 SF of a/c area) in addition to a separate 1,500 sq. ft. one-storey beachfront guest house, for a total of 8,500 interior sq. ft. complemented by dramatic outdoor living, entertainment and lounge areas surrounding the magnificent infinity-edge pool. A hardwood walkway and outdoor shower beckons the way to the beach.

Link for more information

Listing Agent:  Nina Siegenthaler, Vice President, Turks & Caicos Sotheby’s International Realty 

Turks & Caicos Real Estate 2011 Market Report

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Turks & Caicos enjoyed a strong bounce back year in 2011, after struggling along a murky market bottom in 2009 and 2010.  The resurgence was led by the following factors:

  • Booming tourism, up circa 18%, led by excellent air service
  • Stabling government and local economy
  • Better price value in the market
  • Excellent inventory
  • Drastically increased sales activity in all market sectors
  • Inventory is down for the first time since 2008

The home/villa market nearly tripled in $ sales volume, and almost doubled in average price, led by the sale of Serendib Villa at $10.5M and La Dolce Vita at $6.25M (which was sold by our own Nina Seigenthaler).  There was strength throughout this sector as buyers re-emerged and sellers lowered prices to market levels.  We welcome you to view our Market Graphs by clicking in the links “Inside this isssue:” in our Market Report. 

Turks & Caicos Real Estate Market Report

by Joe Zahm, President, Turks & Caicos Sotheby’s International Realty