2018 Second Quarter Review

2018 Second Quarter Review

A quick snap shot of Cayman’s real estate activity and trends in numbers – Q2 2018.

Sourcing the most accurate and recent numbers for your perusal to stay on top of the property market! Knowledge is key and we are ready and waiting to provide you with all you need to know.

CURRENT – Properties currently available:

257 condos (US$16.15M – $156,000)
239 homes (US$39.95M – $150,000)
356 land (US$85.5M – $35,000)
30 commercial (US$11.5M – $240,000)

 PENDING – Properties with an offer accepted and all buying conditions satisfied. Usually closing immediately:

46 condos (US$4.7M – $54,000)
11 homes (US$2.25M – $572,000)
18 land (US$2.5M – $60,000)

 PENDING/CONDITIONAL – Properties with an offer accepted. awaiting buyers conditions to be satisfied:

87 condos (US$5.6M – $139,000)
50 homes (US$5.9M – $150,000)
52 land (US$5.1M – $56,000)

 SOLD – Sales that have officially closed and beneficial ownership transferred:

109 condos (US$5.6M – $107,000)
56 homes (US$3.25M – $239,000)
72 land (US$1.8M – $32,000)

 CAYMAN BRAC & LITTLE CAYMAN:

2 condos (US$750,000 – $175,000)
15 homes (US$933,000 – $131,000)
121 land (US$3.62M – $23,000)

 SEVEN MILE BEACH: (Corridor)

152 condos (US$16.15M – $521,000)
1 home (US$2,950,000)

Source: CIREBA – Disclaimer: these are approximate figures designed to provide a snap shot image of the Cayman Islands Property market only and are subject to further discussion.