Turks & Caicos Cementing Status as Leading Luxury Island Destination
TCI REAL ESTATE MARKET GROWTH INTENSIFIES THROUGH FIRST THREE QUARTERS OF 2015
Over the first three quarters, the overall Turks & Caicos real estate market was up nearly 50% in $Volume over the same period last year (from $140M to circa $210M).
The Turks & Caicos Real Estate Market continued its solid performance in Q1 of this year, pretty much matching the performance of Q1 of 2014 at circa 61M in Closed Listings. There are, in addition, 39 Pending transactions in the MLS that should close later in 2015 or in early 2016, highlighted by the pending sale of the magnificent Leeward beachfront villa, Amazing Grace (listed at 17.9M). Click here to read more.
By Joe Zahm, President & Denise Douglas, Marketing Manager
Turks & Caicos Sotheby’s International Realty
The 2014 Turks & Caicos real estate market went out with a bang, on the strength of a great December of production, highlighted by the sale of a major TCSIR listed development parcel in North West Point for $23M. This strong finish helped lead a 20% $ volume increase over last year ($210M vs. $174M) with a 17% increase in average price. Passing the $200M benchmark is a sign of market health and provides a strong basis for future growth once new development fires up within 2015.
We are pleased to report continued strong growth in the residential sector through Quarter 3 of 2014. Single Family Home and Villas lead the way with a 99% leap in $Volume over Q3 last year . . . Click here to read more
Single Family Home/Villa sales continue to lead the market with a sustained increase during the first half of this year. The 115% $ Volume increase was led by the significant sales in the luxury villa market. Link to complete report.
by
Turks & Caicos Sotheby’s International Realty
The Turks & Caicos Real Estate Market continues to be led by the strong performance of the luxury sector. Condominium sales were up 82% over Q1 of last year in $ volume and Single Family Home sales were up a whopping 279% in $ volume.
by Turks & Caicos Sotheby’s International Realty
As we ring in 2014, Turks & Caicos Sotheby’s International Realty (TCSIR) celebrates another record year, and our fourth consecutive year in the number one market share position, on the strength of the production of a great team. Link to complete report.
by Turks & Caicos Sotheby’s International Realty
Relaxed Third Quarter follows Stamp Duty increase
At the ¾ pole of this year, the market is 8.55% ahead of last year on the momentum of a strong Q2 which showed a 30+% increase in sales dollar volume over last year. Q3 however, slowed with a 20% decrease in sales dollar volume. This can be attributed to the following factors: Link to complete report