Turks and Caicos Real Estate – Year In Review 2024 YTD Comparison

Real Estate Market Re-sets at Over Double Sales Volume Since 2020


Since the pivotal year of 2020, our real estate market has more than doubled over the prior pre-Covid period noting that from 2017โ€“2020, the market averaged circa $282M in total sales volume compared to the following four-year period 2021-2024 which has averaged an astounding $710M, a 151% increase! Further to this, the average price point during the same four-year period increased dramatically from circa $824,000 to $1,442,000, a growth of 75%. This spectacular progression in $ volume and average price illuminates Turks and Caicos position as a true luxury destination where quality luxury property and worldly luxury buyers have found a happy place.ย 

Also of interest, over the past four years, led by great new development such as South Bank, The Strand, Beach Enclave North Shore Phase 2, Rock House, The Villas at Blue Mountain and The Summit โ€“ along with select significant sales, Single Family Homes have excelled, averaging $360M in $ volume vs. an average of $178M for condominiums which ultimately accounted for 67% of residential sales. Average price in the two sectors follows suit, with SFH average price of $2,592,000 trumping condominium averages of $1,357,000.

ย However, while Single Family homes have ruled the day over these past four years, next gen condominium projects are now being heard from. With $363M in Pending (Under Contract) transactions, the preconstruction condominiums โ€“ led by The Point by Grace Bay Resorts, ARC Sky Villas at South Bank, Andaz Turks & Caicos by Hyatt, The St. Regis Residences and The Loren at Turtle Cove account for $240M of the $363M in residential sales (66%) โ€“ a complete reversal in market penetration! This next gen condominium boom can be readily seen from air and sea and road, whereas the major villa developments were more discreetly tucked away. With other amazing projects in the pipeline, our purchasers will have the best selection of inventory to choose from in the Caribbean!ย ย 

Significant Sales over $10M have shown steady growth, while the $20M+ market has expanded significantly since its first milestone sale on Parrot Cay in 2016. The luxury threshold continues to rise, with $30M+ transactions now occurring annually since 2023, establishing a new benchmark in the ultra-luxury segment. This pattern demonstrates the market’s sustained strength and evolution in the high-end property sector. With existing and in development significant estates now proliferating, it wonโ€™t be long until we see $50+ sales in our market, with $100M likely within the decade. Significant listings and sales of course make news, which is great for our jurisdiction as a luxury destination.ย 

As we look toward 2025, the growth and success of the luxury real estate market are poised to continue, securing the Turks and Caicos a top destination for investors and homeowners alike.ย 

Digital Flip-Book Link Here

Click on the Cover Photo below for the full report on Digital Flip-Book.
For a PDF version, click on the download button within the Flip-Book.

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link here.

About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a strong team of agents, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms, Point Grace and South Bank.

For more information please visit www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks and Caicos Real Estate – 3rd Quarter 2024 YTD Comparison

Luxury Tourism and Real Estate Growth Synergy


Turks and Caicos is riding a wave of incredible tourism growth this year, with the first five months already setting the tone for a record-breaking year.

Visitors from the U.S., Canada and other parts of the world are flocking to the islands, driving a 10.85% increase in air arrivals, from January to May of 2023. This trend shows no sign of slowing down. Turks and Caicos has even become the top-searched destination for U.S. couples and families on Google Flights. This success is credited to the efforts of our luxury marketers and loyal visitors.

Real estate in Turks and Caicos continues to thrive in tandem with the booming tourism sector, with the top three Single Family Homes generating nearly $50 million in total sales and the top three land transactions reaching $19 million. This quarter, the spotlight was on the land category, which saw the closing of some exceptional parcels, notably, a 20-acres parcel on North West Point closing at $7.5M. These high-profile deals reinforce the islands’ reputation as a premier luxury destination, showcasing immense growth potential and a growing investment appetite for properties in the outer islands.

The islands are truly on the rise, in more ways than one!

Digital Flip-Book Link Here

Click on the Cover Photo below for the full report on Digital Flip-Book.
For a PDF version, click on the download button within the Flip-Book.

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link here.

About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Villas At Blue Mountain Ground-Breakingย on the 4th of October 2024, Turks & Caicos Islands

Turks & Caicos Sothebyโ€™s International Realty and Villas At Blue Mountain are excited to announce the ground-breaking ceremony, scheduled for Friday, October 4th, 2024, marking an exciting milestone for this luxurious community.

Nestled in the heart of Blue Mountain, these elegantly designed homes offer breathtaking views of Providenciales’ North Shore and embody beachside living at its finest. With spacious indoor and outdoor living areas, the villas range from three to seven bedrooms, providing luxury, privacy, and all the modern amenities for a relaxed yet sophisticated lifestyle.

If you’d like to attend please contact us here.

View the remaining oceanfront listings here.

Book a tour here.


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visitย http://www.turksandcaicossir.com.

Turks and Caicos Real Estate – 2nd Quarter 2024 YTD Comparison

“Experience Turks & Caicos”

TOURISM AND REAL ESTATE GROWTH CONTINUE THROUGH 2024

The Turks & Caicos Islands luxury lifestyle continues to top the charts in both real estate sales and tourism arrivals demonstrated by the successful TCREA MLS sales trends and the TCI Government arrivals statistics report noting that TCI welcomed more than 1.5 million visitors in 2023 representing a 21% increase. The TCI Tourist Board recently re-branded as โ€˜Experience Turks & Caicosโ€™ and aims to diversify our tourism offerings to the outer islands to ensure a sustainable tourism revenue that benefits the entire population. For further details please see the article published February 2nd by Turks & Caicos Weekly News: https://tcweeklynews.com/.

In our real estate market, the first half of 2024 witnessed a very healthy sales volume throughout all sectors but by far the headline of the first half of this year is the resurgence of next gen luxury condominiums. With over $270M in pending deals in the condominium sector at an average price point of circa $2.5M, and building daily, the product mix is re-balancing towards a more equitable blend of condominiums and single family homes, of which the latter carried the market the prior decade. Based on overall pending transactions, that are predicted to close out in 2024, the year end numbers are poised to remain at this newly established sales volume.

The graphs in the pages of our report reveal the steady sales flow throughout the past four years whereby TCI real estate is experiencing a new level of performance along with a much higher average price proving that this rising star of the Caribbean delivers a quality, luxury lifestyle.

Enjoy your summer!

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link here.

Link to PDF Report

Digital Flip-Book Link Here

About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

The Strand Turks and Caicos is preparing to open

The Strand Turks and Caicos is preparing to open under the leadership of Frits Hannenberg as General Manager and Jenny Hannenberg-Feig as Hospitality Manager.

โ€œWeโ€™re thrilled to welcome Frits and Jenny to The Strandโ€™s opening team,โ€ says John Fair, managing director of The Strand. โ€œNot only are they a powerful hospitality duo and husband and wife team with unmatched expertise in ultra-luxury resorts on the island and throughout the region, but they bring a keen dedication to fostering a welcoming and personalized community for our guests and homeowners, which will further set The Strand apart upon opening this fall.โ€

As a leader in opening and positioning five-star resorts and private islands for more than 20 years, Hannenberg brings a human-focused, solution-oriented approach to his work, whether heโ€™s implementing innovative, bespoke guest experiences, leading and training staff, or delivering the highest level of service to discerning guests and private owners.

Most recently, Hannenberg served as managing director of The Abaco Club, the Bahamasโ€™ most exclusive community. Prior, he led Frรฉgate Island Private (Seychelles), Mustique Island (St. Vincent and the Grenadines), The Shore Club (Turks and Caicos) and the flagship LUX* Grand Gaube (Mauritius).

โ€œJenny and I are thrilled to be back on Turks and Caicos, which holds a special place in our familyโ€™s heart, and to be working with such a unique property that will set the stage for luxury, sustainable resorts in the Caribbean for years to come,โ€ says Frits Hannenberg, general manager. โ€œWe look forward to bringing our 40-plus years of combined hospitality expertise and lived experience working with luxury resorts and private islands to The Strandโ€”and bringing to life an experience like nothing else in the world.โ€

As hospitality manager of The Strand, Hannenberg-Feig oversees all guest-focused services. Her detail-driven, attentive, and energetic approach ensures every homeowner and guest receives the highest level of care from the moment of arrival, from pre-arrival groceries and tailored itineraries to arranging special culinary events and private boat charters. Hannenberg-Feig also oversees front of the house departments, including concierge and reservations and streamlining hospitality services and training.

Set to become one of the most sustainable resorts in theโ€ฏCaribbean, the propertyโ€™s luxury accommodations are perched above the waterโ€™s edge and offer single-bedroom Suites, multi-bedroom Villas, and expansive Private Residences. Community amenities will include beach access, a full-service spa, waterโ€™s edge restaurant and bar, The Beach and Racquet Club, โ€œMaestro in Residenceโ€ program, a kidsโ€™ club, numerous water sport rentals, and 1,400 feet of canal and marina frontage with access to The Strandโ€™s very own Club Boat with private captain.

For reservations and to learn more about The Strand Turks & Caicos, please visitย www.thestrandtci.com.

Source: Hotel Online


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks & Caicos Real Estate – The Summit Construction Update, June 2024

Positioned on the highest point in Providenciales, The Summit offers 180-degree ocean views over the North Shore. With vantage points ranging from 94 to 160 feet above sea level, the developers of Ridgeview and Karaya Blue, Latitude 22, continue to work diligently in this private residential enclave, in the much-loved Blue Mountain neighborhood.

Environmentally sustainable, the design includes not only 7.5kw of 20 roof mounted Solar Panels, Tesla Powerwall, and a living โ€˜greenโ€™ roofs. Jรถrg Breuning, the founder of Green Roof Technology, is leading the Living Roof project at The Summit. With 40 years of pioneering experience in the field, Mr. Breuning will ensure that the living roofs are meticulously designed to complement the unique climate and ecology of the Turks and Caicos region. The installation of the living roofs for Villas 4 and 5 is projected to be completed by the end of September, with landscaping scheduled to commence in November.

Construction Update:

Villas 4, 5, and 7 have been sold.

The millwork and tiling for Villa 5 are complete, and furniture installation is scheduled for August.

The first living roof installation on Villa 5 is estimated to begin in August or September, aligning with the villaโ€™s substantial completion.

Villa 4 is nearing watertight, with doors and windows installed, and is on schedule for completion next January.

Villa 7 construction will commence next August.

Lots 1, 2 and 3 sitting at 94โ€™ above sea level remain available.  Lot 6, the only single storey design at 110โ€™ above sea level is available, as well as Lot 8 at 151โ€™ above sea level.  Lot 9 is reserved.

Link to the Summit listings   


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

                           

Sotheby’s Concierge Auction 2024: Turks & Caicos Sotheby’s International Realty

The worldโ€™s finest art, automobiles and antiques are sold at auction. So is luxury real estate.

Now for the first time since its inception in 1744, an exhibition of luxury real estate will gavel live at Sothebyโ€™s London on 30th May 2024.  Part of its โ€˜The Luxury Salesโ€™ series, the โ€˜Exceptional Global Propertiesโ€™ sale will be simultaneously showcased with Sothebyโ€™s and feature a selection of marquee Sothebyโ€™s Realty offerings alongside the finest luxury items in the world.

Turks & Caicos Sothebyโ€™s International Realty is pleased to announce two spectacular Blue Mountain lots as part of the โ€˜Exceptional Global Propertiesโ€™ offering marking the first time ever that a Turks & Caicos Islands property will gavel at Sothebyโ€™s Auction. Through this exciting partnership with Sothebyโ€™s Concierge Auction.

Accepting Bids from 17th May 2024

Click the images below for more information and to register your bid.


About Turks & Caicos Sothebyโ€™s International Realty

Turks & Caicos Sothebyโ€™s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sothebyโ€™s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.    

South Bank and ARC Online Webinar: May 2nd, 2024 at 2:00PM EST

Long Bay, Providenciales, Turks & Caicos Islands

Turks & Caicos Sotheby’s Internationalย Realty and Windward Development are pleased to bring you an in-depth webinar to discuss the imminent operational opening date at South Bank in Long Bay, Providenciales, and the exclusive lifestyle associated with ownership in Arc, South Bankโ€™s final and most iconic neighborhood designed by AD-100 architect Piero Lissoni.

Join the panel for their discussion and hear directly from Ingo Reckhorn, Developer of South Bank, Nikheel Advani, for Grace Bay Resorts’ Rental Management, and Joe Zahm, Broker for the development.

Webinar Info:

Click here to register for the webinar

Webinar ID: 820 4989 3386

May 2nd, 2024 at 2:00PM EST

We are looking forward to an exciting and informative session.

Please remember to register if you’d like to attend the webinar.


About Turks & Caicos Sothebyโ€™s International Realty

Turks & Caicos Sothebyโ€™s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sothebyโ€™s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.    

Last Chances to Own atย Theย Strand Turks and Caicos

The Strand Turks & Caicos Luxury Residence

Limited Opportunities Left at The Strand

We are pleased to report the first quarter of 2024 was an exceptionally strong one for The Strand, ending with more than $70 million in sales, contracts and reservations.

As of now, there are only four Signature Residences and seven Villas remainingโ€”and based on the first quarter, the developer doesn’t expect those numbers to last long. If youโ€™ve considered investing in real estate at The Strand, now is the time to make it happen.

The Strand Turks and Caicos Luxury Residence

Real estate in Turks and Caicos makes for a sound investment, and The Strand offers a unique opportunity to own luxury real estate that prioritizes sustainability, generates income, and offers the kind of relaxed island lifestyle many only dream about.

EXPLORE THE STRAND HERE

The Strand Turks and Caicos Signature Residence

Featured Property:
Signature Residence S4

$7,000,000

This oceanfront four-bedroom, five-bath home leaves a lasting impression with its elegant design and effortless blend of indoor and outdoor living spaceโ€”complete with a 42-foot infinity pool overlooking the mesmerizing expanse of the Caicos Banks.

The Strand Turks and Caicos Signature Residence

This residence has all four bedrooms directly overlooking the ocean, and features two master bedroomsโ€”one on the main floor, and one on the second floor.

In addition, this home enjoys seamless indoor-outdoor living, with a private courtyard, outdoor kitchen and dining, covered terraces off the great room and master bedroom, and an infinity pool.

The second floor also features a bonus room overlooking your private courtyard and atrium with an exquisite garden.

LEARN MORE ABOUT THE SIGNATURE RESIDENCES

The Strand Turks and Caicos Luxury Residence

Property is a finite resource, and the demand for real estate in Turks and Caicos has never been higher. This past year, Turks and Caicos recorded its best financial year ever, processing over $782 Million USD in transactions across the overall market. With the islands anticipating unprecedented growth in the luxury tourism and real estate sectors, itโ€™s a great time to get into the market. Link to Real Estate Market Reports.

TURKS & CAICOS ISLANDS BUYER’S GUIDE


About Turks & Caicos Sothebyโ€™s International Realty

Turks & Caicos Sothebyโ€™s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sothebyโ€™s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.     

Turks and Caicos Real Estate – 1st Quarter 2024 YTD Comparison

Real Estate Sales Volume Holding Steady as Pre-Construction Sales Heat Up

Turks and Caicos continues to be a leader in tourism and real estate sales throughout the Caribbean region and the sales numbers and pre-construction sales numbers certainly reflect this attraction to be a part of our incredible environment whether just for a brief stay or for a lifestyle.
 
There are currently a host of opportunities for new development offerings, some currently under construction and some that are about to announce their plans. A number of the larger parcels of beachfront land in Providenciales will be reshaped into high-end, branded hotels, and residences to keep pace with the seemingly endless demand for investment and vacation properties. Our superb tourism offerings continue to attract A-listers from around the globe as seen throughout the social media channels as well as buyers looking for a place to call home amongst the abundant turquoise blue ocean views throughout, the temperate climate, and tranquil laid-back Caribbean atmosphere.
 
The first quarter of this year witnessed another major groundbreaking celebration in Providenciales by the same developers of The Ritz-Carlton Residences with The St Regis on Grace Bay as well as the formal public sales launch by Grace Bay Resorts with The Point. These two new luxury developments have already recorded over 70% (St Regis Tower I of three towers) and 65% (The Point) units sold/reserved. The Loren on Turtle Cove, which broke ground in June 2023, is showing a unit sales production of 52%, and Andaz Turks & Caicos after officially breaking ground last year is reporting unit sales production at 65%. ARC at South Bank is 50% sold with construction to start in May of this year. This new condominium inventory is satiating the overdue demand with buyers who are willing to wait for up to three years for the completion of the resort properties. We are also gaining momentum on some of the boutique new developments such as Villas at Blue Mountain, with multiple pre-sales which will soon start construction, and The Summit at Blue Mountain, which has strong momentum and is well under construction. The positive side, for buyers to the delay in usage of their new vacation property, is the stage payments with new construction which fit the bill for those who prefer a payment plan for their Caribbean investments.
 
While the pre-construction sales in the Condominium Sector are high and not officially recorded within our TCREA MLS statistics, in this 1st Quarter, the re-sale condominium sales volume was $18M, 25%-65% lower in comparison to the past three years with the average price remaining high at $1.1M which resulted in a $/SF of $1,100 at the luxury end (+$1.5M). Also note that re-sale condominium inventory continues to remain low with DOM averaging only 118 days.
 
The Single Family Home Sector continues to lead the way albeit the sales volume is down from 2023โ€™s numbers but steady in terms of healthy growth when reviewing the past five years. There are several pending sales that will be posted throughout this coming year and the new listings that have come on the market will help to fill the gap in this sales volume by the end of the year.
 
The Land Sector experienced a large spike in activity, as a result of five large transactions, Emerald Estate-$8M, Northwest Point-$7.5M, Grace Bay-$6.75M and $5.365 and Long Bay-$3.8M, which also raised the average price to $1.325M, an all-time record. Interesting to note, beachfront land in Long Bay was selling for $20,000 per linear foot of beachfront in January 2021 then hit a cyclical high of over $42,000/LF in January 2022. The 110% increase in value over a one-year period caused a pause in demand for a couple of years. This changed in March 2024 when we saw a modest increase of 10% to over $46,000/LF. The outer island land sales continue with this 1st Quarter seeing 30% of the land units sold from North Caicos, Middle Caicos, and Grand Turk.
 
Enjoy the beautiful spring weather wherever you are! We look forward to keeping you up to date with the real estate market in the months to come.

Do not hesitate to reach out to your sales professional to have a conversation about our market, and to assess purchase and selling opportunities!

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link here.

Link to PDF Report

Digital Flip-Book Link Here

About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474