4% 19% QUARTER 1 REPORT 2024 Welcome to IRG’s Quarter 1 2024 market data report. We invite you to join us in an exploration of the Cayman Islands real estate market from January to March 2024. Cayman Islands Property Market 430 CIREBA New Listings Q1 2024: 430 Q1 2023: 412 Avg Monthly Active Listings Q1 2024: 1828 Q1 2023: 1536 LIS Sold Listings Q1 2024: 568 Q1 2023: 580 Jan2023-March2024 JAN FEBMAR APRMAY JUN JULAUG SEPOCTNOVDECJAN FEBMAR $000 $200,00000 $40000000 $60000000 $800,00000 $1,000,00000 2022 2023 2024 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 0 50 100 150 200 250 300 AVERAGE TRANSACTION VALUE # OF PROPERTY TRANSFERS 1828 568 $694,147 Average Transaction Value - 28% increase YoY Q1 2024: USD $694,147 34 Q1 2023: USD $543,801 29 21% Year over Year Increase Total Transaction Value Q1 2024: USD $382,623,773 78 Q1 2023: USD $317,483,955 87 JAN 2ND HIGHEST Number of sales in any January ever MAR 40% HIGHER Transfer volume YoY FEB HIGHEST Average transaction volume ever 2%
$31,245,244.00
$85,607,073
Total
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for Quarter 2 and beyond! 179 Listings 47
Average Transaction Value (USD) Days - Lowest Time on Market PREDICTIONS
data obtained from the Cayman Islands Lands and Survey department (LIS) and Cayman Islands Real Estate Brokers Association (CIREBA) Member of CIREBA
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our predictions
$1,952,828
*All
Quarter 1 2024 (USD)
Total IRG Sales Volume for
IRG Sales & Under Contract Value for Quarter 1 2024 (USD)