It was a fairly-active November with 47 closings (down only 4 from last November). No big cuts in prices or deep discounts jump out either. There were a lot more properties going under contract in November than in October; a sign that the interest cut and US Election results are key factors to our economy and that overall we’re doing pretty good here in Cayman!

Our local government mess is a subject for another day but we see how it is affecting our local/residential sales a little bit, particularly for the $500,000 and under buyers getting financing. HOWEVER, bank rates are getting better as are the terms – that helps in getting our Caymanians and residents mortgages they can work with.