FIRST QUARTER OFF TO STRONG START
TCI STRONG INDEED!
BUSINESS BACK to NORMAL – MOST RESORTS NOW OPEN
SECOND QUARTER REGAINS MOMENTUM LED BY LUXURY VILLA SALES
The Real Estate Market Remains Steady: This 1st Quarter of 2017 shows 5% more in sold listings but with a 33% lower dollar volume due to longer closing times causing a soft 4th Quarter in 2016 and the fact that the 1st Quarter of 2016 recorded a significant sale in Parrot Cay of $27.5 million. Click here to download the report.
Turks & Caicos Sotheby’s International Realty
STRONG FUNDAMENTALS LEAD TCI EVOLUTION
Well, the word is out – really out! From mentions on late night TV talk shows, to articles in high profile magazines, and postings on celebrity Instagram accounts, Turks and Caicos is generating strong buzz as the destination for cool, hassle free, luxury vacations. This recognition has translated to strong growth in tourism and real estate. This buzz and growth, however, would not be possible without strong fundamentals such as quality beaches, water and climate, quality tourism and real estate product, ease of access and use.
TCI REAL ESTATE MARKET HEALTHY, STURDY AND CONSISTENT
Rather than focusing on the specifics of Q3 of this year, it seems like a good time to emphasize that our market has grown in a strong and rational manner over the past several years. Link to full report.
While the second quarter of 2016 posted a slight drop from last year’s dollar volumes – following a 1st Quarter increase – Pending Sales (Under Contract and Conditional transactions) are at their highest levels since the boom of the mid 2000’s. The TCREA MLS system is currently showing Pending transactions of $22 Million in Land, $6.5 Million in Condos, and $101 Million in Homes/Villas, for a total of over $129 Million for the remainder of this year, including some pre-construction villa sales that will close in 2017. Click here to view entire report.
by Turks & Caicos Sotheby’s International Realty
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).