Category Archives: Turks & Caicos Real Estate Market Reports

Quarterly real estate market reports delivered consistently to you from Turks & Caicos Sotheby’s International Realty since 2011.

Turks & Caicos Real Estate Market Report – 2nd Quarter 2013

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MarketReport2ndQ2013After a tepid start to the year, Turks & Caicos had a strong second quarter to finish the first half of the year up 16.9%  in dollar volume over last year. This increase is mostly based on the 16.5M Grace Bay beach transaction to the same Venezuelan hotel developer (Desarrollos Hotelco Turks & Caicos Ltd. (DHTCI)), behind the JW Marriot project to the west of Seven Stars. In addition, the July 1st increase in stamp duty fueled a number of deals into late June closings.

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

t. 649.946.4474  c. 649.231.6188  turksandcaicossir.com

Turks & Caicos Real Estate Market Report – 1st Quarter 2013

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Turks & Caicos Market Report – 1st Quarter 2013Turks & Caicos Market Report

The first quarter sales of 2013 recorded the same overall dollar volume of the previous year thanks to the sale of the 16 acre parcel west of The Sands Resort, which is slated for a high end hotel development.  Click to read more

Turks & Caicos Real Estate Market Report – 3rd Quarter 2012

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We are pleased to inform you that the overall real estate market is up nearly 70% over the same year to date period in 2011.  The $12.5M sale of the 11 acre parcel next to Seven Stars has led the way along with a number of significant sales made by 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 – 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 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