The Agency Turks & Caicos 2022 Q3 Report
TABLE OF CONTENTS
TRITON LUXURY VILLA
REMAINS HIGH
DEVELOPMENTS THRIVING
SINGLE FAMILYHOMES
09
WE'LL FIND THE HOME, YOU'LL WRITE THE STORIES
BLUE HAVEN RESORT
01 03 05 07 11 15
THE PALMS
VACANT LAND
+
DEMAND
NEW
CONDOMINIUMS
17
13 + THE AGENCY TURKS & CAICOS 2022 Q3 REPORT
+ THE AGENCY TURKS & CAICOS 2022 Q3 REPORT Triton Luxury Villa LONGBAY|PROVIDENCIALES
NO 1
+ THE AGENCY TURKS & CAICOS 2022 Q3 REPORT
nthe 2022 nthe bers, hree bers, aicos t the fthe this to eater the nour the n the e our NO 3 The Sanctuary TURTLETAIL|PROVIDENCIALES #9|4BEDS|5BATHS|0.383ACRES|4,970SQ.FT.|$2,499,000 #6|3BEDS|4BATHS|0542ACRES|4,970SQFT |$2,329,000 #1|2BEDS|3BATHS|0.243ACRES|2,750SQ.FT.|$1,800,000
+ THE AGENCY TURKS & CAICOS 2022 Q3 REPORT 7BEDS|7BATHS 7,500SQFT |066ACRES $6,500,000 Sing a Song Villa TURTLETAIL | PROVIDENCIALES
New developments thriving
mbersfortheTurks&Caicosremainstrong,despite duced inventory which is the real challenge in the . In spite of a perception that the market has cantlysince2021,adeeperanalysisofthenumbers numberofsalesfallsonlyslightlybehindatan11% the volume of sales has decreased significantly the latter does not include the sale of Dellis Cay odatebeenrecordedontheTurks&CaicosMLS.
perspective,therestrictionininventorymeansthat ntcontinuestoplayahugeroleinthemarket.Sales and The Sanctuary remain steady ahead of both breaking ground in the fourth quarter of this year ral Townhomes have seen 3 of the 5 available units
condo developments in the organizational stage, ory will continue to grow allowing buyers further arket
NO 5
of
Total#ofSales TotalVolume AveragePrice MedianPrice KEYSTATS 2021 Q3 174 $231,047,095 $1,327,857 $660,000 464 $567,312,626 $1,287,312 $575,000 2021 YTD 85 $88,809,300 $1,044,815 475,000 2022 Q3 413 $422,463,559 $1,022,914 $480,000 2022 YTD
SingleHom
-Family mes
NO 7
+ THE AGENCY TURKS & CAICOS 2022 Q3 REPORT 4BEDS|2BATHS 3,000SQFT |071ACRES $3,500,000 24 Dolphin Lane LONGBAY | PROVIDENCIALES
We'll find the home, you'll write the stories
s to realise that if inventory s by almost 50% the volume where the Turks and Caicos inthethirdquarter
es that 5 properties at Dellis rices as old owners exit the y the Desarollos group. This s but the median list prices e third quarter of last year, et.
ter, being headlined by the ented by Sean O’Neill and $354,339,050 in pending and ntainingastrongtrajectory.
YTD
YTD
$158,806,130
$1,000,000
NO 1
NO 9 Total#ofSales TotalVolume AveragePrice MedianPrice KEYSTATS 2021 Q3 41 $89,323,122 $2,178,613 $930,000 120 $286,515,811 $2,387,632 $1,248,000 2021
24 $33,499,100 $1,395,796 $950,000 2022 Q3 95
$1,671,643
2022
502 Blue Haven Resort
+ THE AGENCY
LEEWARD
NO 11 2BEDS|3BATHS 3,039SQFT $2,499,000
Condom
miniums
NO.13
3BEDS|3.5BATHS 2,887SQFT $3,200,000 The Palms 1301/2/3 GRACEBAY + THE AGENCY TURKS & CAICOS 2022 Q3 REPORT
Eyes on Condo investment
of the Turks and Caicos real buyers a multitude of options from to a hybrid of both. Is it a strong ke Wymara, with a focus on return itsomewherewithamoreresidential RBO friendly property like Caribbean
of condos remains strong, as the oexceed$1,500,000,50%greaterthan yedbysalesatThePalms,GraceBay s well as a record sale at Wymara quarefoot
NO 1 NO 15 kbone
lue
134 $180,838,412 $1,349,540 $910,000 2021 YTD 6 24,463,600 1,528,975 750,000 022 3 122 $150,102,030 $1,230,345 $725,000 2022 YTD
Vacant
t Land
NO.17
+ THE AGENCY TURKS & CAICOS 2022 Q2 REPORT 40,946LOTSQ FT| 095ACRE $1,425,000 4 Beach Street THOMPSONCOVE
NO 1 gencyTurks&Caicosofficeand well,NorthandMiddleCaicos vacantlandsalesintheTurks& aicos.Aplethoraofvacantland andlowerpricesarethedriver nvestorslookingatlonger term rtytaxandaGovernmenteager rovidencialesneedtolookno perfectexampleofwhythe cantasatwo acreparcelon 00,compared,forexample,to1 NorthCaicoswhichsoldfor m! NO.19 Total#ofSales TotalVolume AveragePrice MedianPrice KEYSTATS 2021 Q3 69 $43,480,461 $630,152 $215,000 186 $180,761,460 $584,739 $195,000 2021 YTD 38 $24,281,600 $638,989 $205,200 2022 Q3 172 $93,890,399 $545,874 $190,000 2022 YTD
Your Move.
THEAGENCYRETC
DISCLAIMER:WhileallreasonableeffortismadetoensuretheinformationinthispublicationiscurrentTheAgencyTurksandCaicosdoesnotwarrantthe accuracyorcompletenessofthedataandinformationcontainedinthispublicationandtothefullextentnotprohibitedbylawexcludesalloranylossor damagearisinginconnectionwiththedataandinformationcontainedinthispublication Thepropertysalesdataiscompiledusinginformationprovidedbythe TurksandCaicosRealEstateAssociationeffectiveOctober3rd2022 AnypersonusingorrelyinguponsuchinformationdoessoonthebasisthatTheAgency TurksandCaicosacceptsnoresponsibilityorliabilitywhatsoeverforanyerrors,faults,defectsoromissionsintheinformationsupplied
THEAGENCYTURKSANDCAICOSISANINDEPENDENTLYOWNEDANDOPERATED FRANCHISEEOFTHEAGENCYREALESTATEFRANCHISING,LLC