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Cayman Islands Market Reports - 2018

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An honest appraisal of the Cayman marketplace Review In our last report we suggested it would be imprudent to bet against our economy continuing to expand, however with the onset of the slower Summer Season we should expect a slowing of activity until winter. Both have occurred. Our market is stronger than ever with stats coming shortly to back up that claim, however the sales activity was not as strong as it had been the first half of the season in hard sales data. It is normal in the off (s...

ReviewIn our last report we noted the surprisingly large number of Summer Tourists in June and July and said we expected this trend to continue. With increasing demand and limited supply we predicted rising prices. That is precisely what has occurred. General OutlookThe CIREBA statistical report is very telling without even comparing it to last year. The average sales price for all properties sold this year by November 2017 was US$650,000. That is a very impressive average, considering it cover...

Review In our last report we said we expected “a very strong Residential Real Estate market with traffic congestion and lack of supply possibly having a dampening effect” for the first half of 2018. That we have seen. The demand has been strong, but the lack of supply has kept the first half of 2018 from matching 2017, although it is only down about 4% over a super strong last year. General Outlook The average sale for 2018 YTD is approximately US$680,000 or 4.5% higher than last year. But wh...

Testimonials

Lerna provided the best experience when I sold my property and also when I rented my apartment. She is highly efficient and very professional. She found a buyer in no time at all. She really cared that I found a suitable tenant and went above and beyond to ensure a smooth process in both transactions. She also followed up to make certain that the tenants were comfortable. I thank our mutual friend for recommending her. If you’re looking for an experienced, top notch realtor, I would unreservedly recommend Lerna for your real estate needs.
Winsome
Testimonial for Lerna Phillips
We are in the US and reached out to Florence through a google search to purchase property on Grand Cayman “site unseen” and having never visited the area. She provided excellent ideas and suggestions and within a few months we had closed on our new Grand Cayman property. You could not ask for a more diligent and attentive sales agent. We were in constant contact by e-mail and telephone and Florence was highly responsive and a true partner in our search. We highly recommend her!
Anonymous
Testimonial for Florence McGrath
Our experience with Quatro was just great. Quatro has a natural ability to make you feel safe in his hands. His judgement and advice was spot on! Thank you Quatro, you've made such an amazing impact on our lives!
Anonymous
Testimonial for Quatro Hatch
If you need a thoughtful, honest and hardworking Realtor, EJ is who you should call. EJ is an excellent communicator and was always able to provide answers to our questions/concerns. She definitely has the experience, knowledge, and personal skills in managing real estate sales and investments.
Joan Fitterling
Testimonial for EJ Bodden
EJ, thank you for your service regarding my property listings. I am impressed with the manner in which you treat me as a client. It leaves me with the feeling that you have my best interest at heart. In addition, I am confident that you provide sound advice based on trends that Coldwell Banker gleans from the current market.
Bette J
Testimonial for EJ Bodden