September 2024 Real Estate Highlights
Discover the Latest Listings, Market Trends, and Success Stories!
Properties Sold
45 properties
Prices Ranging
US$39,500 US$9.8M
Reduced Listings
53 properties
Listings For Sale
1261 properties
MARKET SITUATION
Well the best news we had this month is that interest rates (for a change!) did NOT go up. This was a sigh of relief for those with floating interest rates here in Cayman. That said, the market is still in a lull and although there is some activity, spread out over 300+ agents on the island, it’s slow compared to this time last year in both sales and general market activity. There were 97 closings in November 2022 so we are down by over half for this November and consistently have been slowing down for the past 5 months.
South Sound to West Bay are the most popular real estate areas, and listings that come up tend to go under contract super-fast. The same holds true for anything listed under $500,000 regardless of where it is located. It’s just too hard to find a property under that half-million mark anywhere on the island (sad but true). With traffic situations improving only marginally in the Eastern Districts, anything from Grand Harbour to West Bay is deemed a hot market-mover if it’s priced properly.
DAZZLING SEPTEMBER
This is NOTHING like Christmas in Cayman….honestly it’s just gorgeous island-wide. From the elaborate home and garden décor, hotel lobbies to leave you in awe, the many roundabouts and of course complexes like Camana Bay and shops in George Town…everywhere you look, Christmas is there! Activities for every age group are in high gear and there is NEVER a dull moment! Christmas concerts at many churches and public venues, Santa photo-ops, giveaways, festive menu items at many of our fine restaurants and of course, a general feeling of magic, Caribbean Style, is offered to our locals and visitors alike. The only Holiday event we don’t have is snow…but who needs jackets and layered clothing when flip flops, shorts, and a hat are so much more comforable? Check out these sites to (try to!) keep up with all the events.